Atalanta Sosnoff Capital LLC Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Atalanta Sosnoff Capital LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,249 shares of the Internet television network's stock after selling 1,252 shares during the period. Netflix makes up 2.1% of Atalanta Sosnoff Capital LLC's portfolio, making the stock its 12th biggest position. Atalanta Sosnoff Capital LLC's holdings in Netflix were worth $98,267,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NFLX. West Michigan Advisors LLC increased its position in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. boosted its stake in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after buying an additional 10 shares during the last quarter. MRP Capital Investments LLC raised its position in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC increased its position in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. grew its position in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 148,010 shares of company stock worth $152,760,770 over the last three months. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on NFLX shares. The Goldman Sachs Group increased their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Bank of America raised their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Canaccord Genuity Group increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Finally, Rosenblatt Securities increased their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Stock Performance

Netflix stock traded down $22.43 during midday trading on Monday, hitting $1,134.06. The company's stock had a trading volume of 5,650,915 shares, compared to its average volume of 3,729,795. The company has a 50-day moving average price of $968.34 and a two-hundred day moving average price of $920.97. The company has a market cap of $482.62 billion, a price-to-earnings ratio of 57.19, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $580.25 and a 1-year high of $1,159.44. 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 (NASDAQ:NFLX - Get Free Report) last announced its 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 for 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 period in the prior year, the business posted $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.