LRT Capital Management LLC Reduces Holdings in Netflix, Inc. (NASDAQ:NFLX)

LRT Capital Management LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 42.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 943 shares of the Internet television network's stock after selling 695 shares during the quarter. LRT Capital Management LLC's holdings in Netflix were worth $841,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in shares of Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares in the last quarter. First National Trust Co lifted its position in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC purchased a new stake in Netflix during the fourth quarter valued at approximately $733,000. Sigma Planning Corp boosted its stake in Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after acquiring an additional 386 shares in the last quarter. Finally, Quilter Plc grew its holdings in Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock worth $128,133,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director now directly owns 7,969 shares in the company, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on NFLX. Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upped their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. The Goldman Sachs Group increased their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Piper Sandler set a $1,150.00 target price on shares of Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Price Performance

NFLX stock traded up $28.44 during mid-day trading on Tuesday, reaching $1,138.44. 3,993,936 shares of the company's stock were exchanged, compared to its average volume of 3,758,663. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,164.00. The stock's 50 day moving average is $991.99 and its 200 day moving average is $938.19. The company has a market cap of $484.49 billion, a price-to-earnings ratio of 57.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the company posted $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company Profile

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.