Fiduciary Financial Group LLC Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fiduciary Financial Group LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,039 shares of the Internet television network’s stock after selling 100 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Netflix were worth $870,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 valued at $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix in the 3rd quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

NASDAQ NFLX opened at $828.40 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The company has a market cap of $354.11 billion, a PE ratio of 46.88, a PEG ratio of 1.77 and a beta of 1.27. The stock’s 50-day moving average price is $881.04 and its two-hundred day moving average price is $755.96.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. Canaccord Genuity Group upped their price target on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Benchmark raised their price target on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price objective (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Piper Sandler lifted their target price on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price target on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $841.27.

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.