Global Financial Private Client LLC Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Global Financial Private Client LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 125 shares of the Internet television network’s stock after selling 18 shares during the quarter. Global Financial Private Client LLC’s holdings in Netflix were worth $111,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NFLX. Signal Advisors Wealth LLC grew its position in shares of Netflix by 112.6% during the 4th quarter. Signal Advisors Wealth LLC now owns 791 shares of the Internet television network’s stock valued at $705,000 after acquiring an additional 419 shares during the period. Traveka Wealth LLC lifted its stake in Netflix by 2.7% in the fourth quarter. Traveka Wealth LLC now owns 1,501 shares of the Internet television network’s stock valued at $1,338,000 after purchasing an additional 39 shares during the last quarter. Tsfg LLC grew its holdings in Netflix by 9.5% during the fourth quarter. Tsfg LLC now owns 1,036 shares of the Internet television network’s stock valued at $923,000 after purchasing an additional 90 shares during the period. Signet Financial Management LLC increased its position in Netflix by 12.4% in the fourth quarter. Signet Financial Management LLC now owns 473 shares of the Internet television network’s stock worth $422,000 after buying an additional 52 shares during the last quarter. Finally, PFW Advisors LLC purchased a new stake in Netflix in the fourth quarter worth $335,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Needham & Company LLC lifted their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Oppenheimer increased their target price on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Canaccord Genuity Group upped their price target on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Guggenheim raised their price objective on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday. Finally, Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $841.27.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % 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 over the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Stock Down 1.4 %

NFLX opened at $828.40 on Wednesday. The business’s fifty day simple moving average is $881.04 and its 200 day simple moving average is $755.96. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market cap of $354.11 billion, a PE ratio of 46.88, a P/E/G ratio of 1.77 and a beta of 1.27.

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

About Netflix

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.