ACG Wealth lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,040 shares of the Internet television network’s stock after selling 154 shares during the quarter. Netflix accounts for about 1.0% of ACG Wealth’s portfolio, making the stock its 20th largest holding. ACG Wealth’s holdings in Netflix were worth $6,702,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Great Lakes Advisors LLC raised its holdings in Netflix by 0.3% in the 3rd quarter. Great Lakes Advisors LLC now owns 24,044 shares of the Internet television network’s stock worth $8,996,000 after purchasing an additional 75 shares during the period. Carnegie Capital Asset Management LLC raised its holdings in Netflix by 9.9% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 1,388 shares of the Internet television network’s stock worth $395,000 after purchasing an additional 125 shares during the period. United Capital Management of KS Inc. increased its stake in Netflix by 6.3% during the 4th quarter. United Capital Management of KS Inc. now owns 2,309 shares of the Internet television network’s stock worth $618,000 after buying an additional 137 shares in the last quarter. Sound Income Strategies LLC increased its stake in Netflix by 30.6% during the 3rd quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock worth $253,000 after buying an additional 158 shares in the last quarter. Finally, Clarus Wealth Advisors increased its stake in Netflix by 26.1% during the 4th quarter. Clarus Wealth Advisors now owns 811 shares of the Internet television network’s stock worth $217,000 after buying an additional 168 shares in the last quarter. 73.97% of the stock is owned by institutional investors and hedge funds.
In other news, Director Richard N. Barton sold 387 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $297.88, for a total value of $115,279.56. Following the sale, the director now directly owns 7,430 shares in the company, valued at $2,213,248.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, October 22nd. The shares were sold at an average price of $332.67, for a total value of $332,670.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares in the company, valued at $332,670. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,664 shares of company stock worth $84,190,971. Insiders own 4.29% of the company’s stock.
Shares of NASDAQ NFLX traded down $4.51 during mid-day trading on Monday, hitting $333.08. The company had a trading volume of 6,487,618 shares, compared to its average volume of 15,781,438. The stock has a market cap of $139.53 billion, a P/E ratio of 266.47, a PEG ratio of 2.62 and a beta of 1.12. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66. Netflix, Inc. has a 1-year low of $216.00 and a 1-year high of $423.21.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 2.63 EPS for the current fiscal year.
Several equities research analysts have commented on NFLX shares. MKM Partners boosted their price objective on Netflix from $395.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. Royal Bank of Canada upped their price target on Netflix to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. JPMorgan Chase & Co. upped their price target on Netflix to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, October 17th. BidaskClub upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Pivotal Research upped their price target on Netflix from $435.00 to $480.00 and gave the company a “buy” rating in a research report on Wednesday, October 17th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $365.16.
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Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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