ProShare Advisors LLC Sells 93,572 Shares of Netflix, Inc. (NASDAQ:NFLX)

ProShare Advisors LLC decreased its position in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 17.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,836 shares of the Internet television network’s stock after selling 93,572 shares during the quarter. ProShare Advisors LLC owned approximately 0.10% of Netflix worth $103,790,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NFLX. Polen Capital Management LLC boosted its holdings in shares of Netflix by 53.9% in the 3rd quarter. Polen Capital Management LLC now owns 7,332,431 shares of the Internet television network’s stock worth $1,726,348,000 after buying an additional 2,569,072 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Netflix by 78.8% in the 2nd quarter. Loomis Sayles & Co. L P now owns 5,556,396 shares of the Internet television network’s stock worth $971,647,000 after buying an additional 2,449,016 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Netflix by 77.7% in the 3rd quarter. Jennison Associates LLC now owns 2,601,128 shares of the Internet television network’s stock worth $612,410,000 after buying an additional 1,137,471 shares during the last quarter. FMR LLC boosted its holdings in shares of Netflix by 4.5% in the 2nd quarter. FMR LLC now owns 16,864,057 shares of the Internet television network’s stock worth $2,949,018,000 after buying an additional 725,384 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Netflix by 114.2% in the 2nd quarter. Amundi now owns 1,269,377 shares of the Internet television network’s stock worth $221,861,000 after buying an additional 676,680 shares during the last quarter. Institutional investors own 77.26% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. Truist Financial upped their price objective on shares of Netflix from $210.00 to $339.00 and gave the company a “hold” rating in a report on Tuesday, January 17th. Cowen upped their price objective on shares of Netflix from $405.00 to $440.00 in a report on Friday, January 20th. Wolfe Research upped their price objective on shares of Netflix from $366.00 to $417.00 and gave the company an “outperform” rating in a report on Friday, January 20th. Credit Suisse Group upped their price objective on shares of Netflix from $271.00 to $291.00 and gave the company a “neutral” rating in a report on Friday, January 20th. Finally, Morgan Stanley upped their price objective on shares of Netflix from $275.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, January 19th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Hold” and a consensus price target of $342.36.

Netflix Trading Down 0.4 %

NASDAQ:NFLX traded down $1.63 during trading hours on Wednesday, reaching $362.20. The company’s stock had a trading volume of 763,930 shares, compared to its average volume of 10,852,989. The firm has a market capitalization of $161.19 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.89 and a beta of 1.27. The firm has a 50-day simple moving average of $307.15 and a 200-day simple moving average of $262.65. Netflix, Inc. has a 1 year low of $162.71 and a 1 year high of $458.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.14 and a current ratio of 1.17.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings data on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). Netflix had a net margin of 14.21% and a return on equity of 23.06%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.85 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. Netflix’s revenue was up 1.9% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 10.94 EPS for the current fiscal year.

About Netflix

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

Further Reading

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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