Gilder Gagnon Howe & Co. LLC Has $447.83 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Gilder Gagnon Howe & Co. LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 502,434 shares of the Internet television network’s stock after selling 13,818 shares during the quarter. Netflix accounts for approximately 4.8% of Gilder Gagnon Howe & Co. LLC’s holdings, making the stock its 2nd largest position. Gilder Gagnon Howe & Co. LLC’s holdings in Netflix were worth $447,830,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Netflix during the 4th quarter valued at about $32,000. Newton One Investments LLC bought a new stake in shares of Netflix in the fourth quarter worth approximately $34,000. Pineridge Advisors LLC raised its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after purchasing an additional 16 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 273,855 shares of company stock valued at $267,474,816 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. 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. Evercore ISI upped their price objective on Netflix from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Argus increased their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Bank of America boosted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Barclays increased their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,072.12.

Netflix Stock Performance

NFLX opened at $1,101.53 on Friday. The stock has a market capitalization of $471.19 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,106.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a fifty day moving average of $955.92 and a 200 day moving average of $903.65.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) 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 firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the previous year, the firm posted $8.28 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix 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.