Cigna Investments Inc. New Trims Stake in Netflix, Inc. (NASDAQ:NFLX)

Cigna Investments Inc. New lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,401 shares of the Internet television network’s stock after selling 27 shares during the quarter. Netflix accounts for 0.7% of Cigna Investments Inc. New’s holdings, making the stock its 23rd largest holding. Cigna Investments Inc. New’s holdings in Netflix were worth $3,923,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the 3rd quarter valued at approximately $25,000. Newton One Investments LLC purchased a new position in shares of Netflix during the 4th quarter worth $34,000. Pineridge Advisors LLC raised its position in Netflix by 4,000.0% in 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 period. Princeton Global Asset Management LLC raised its position in Netflix by 51.6% in 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. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 1.3 %

NFLX stock opened at $1,027.60 on Tuesday. The firm has a fifty day moving average price of $917.36 and a 200 day moving average price of $792.29. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,032.85. 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 firm has a market cap of $439.57 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.11 earnings per share. Netflix’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Macquarie lifted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,434 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,144,250. The trade was a 25.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 298,870 shares of company stock worth $285,287,314 over the last quarter. Insiders own 1.76% of the company’s stock.

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.