Marcum Wealth LLC Sells 34 Shares of Netflix, Inc. (NASDAQ:NFLX)

Marcum Wealth LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,597 shares of the Internet television network’s stock after selling 34 shares during the period. Marcum Wealth LLC’s holdings in Netflix were worth $1,423,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% during 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 acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter worth approximately $38,000. Finally, First Personal Financial Services bought a new stake in Netflix in the third quarter valued at approximately $40,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX opened at $840.29 on Tuesday. The firm’s fifty day moving average price is $879.75 and its two-hundred day moving average price is $754.88. The company has a market capitalization of $359.19 billion, a price-to-earnings ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NFLX shares. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Piper Sandler restated an “overweight” rating and issued a $840.00 target price (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. Bank of America increased their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Needham & Company LLC boosted their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Macquarie upped their target price on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $832.94.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 in the last 90 days. Insiders own 1.76% of the company’s stock.

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.