Sentry Investment Management LLC Has $1.20 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Sentry Investment Management LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,379 shares of the Internet television network's stock after selling 412 shares during the quarter. Netflix comprises about 0.7% of Sentry Investment Management LLC's investment portfolio, making the stock its 21st largest holding. Sentry Investment Management LLC's holdings in Netflix were worth $1,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new stake in Netflix in the fourth quarter worth about $873,000. First National Trust Co lifted its holdings in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC acquired a new stake in Netflix in the fourth quarter worth about $733,000. Finally, Sigma Planning Corp lifted its holdings in Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after purchasing an additional 386 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NFLX shares. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Barclays boosted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. Finally, Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

Netflix Stock Up 1.8%

NASDAQ:NFLX traded up $21.72 on Wednesday, hitting $1,239.66. 2,353,706 shares of the company's stock traded hands, compared to its average volume of 3,746,177. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,242.58. The firm has a 50-day moving average price of $1,069.06 and a 200-day moving average price of $980.69. The company has a market cap of $527.56 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the business posted $8.28 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is owned by corporate insiders.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.