USA Financial Formulas Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

USA Financial Formulas lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,411 shares of the Internet television network’s stock after selling 526 shares during the period. Netflix makes up about 0.2% of USA Financial Formulas’ investment portfolio, making the stock its 29th largest position. USA Financial Formulas’ holdings in Netflix were worth $1,258,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Advisory Resource Group increased its stake in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares during the period. Insight Wealth Strategies LLC lifted its stake in shares of Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares in the last quarter. Sunflower Bank N.A. boosted its holdings in Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares during the last quarter. New World Advisors LLC grew its stake in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares in the last quarter. Finally, Heartland Bank & Trust Co increased its holdings in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFLX. Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Evercore ISI lifted their price target on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Jefferies Financial Group upped their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $845.82.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock worth $131,030,268 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

NFLX opened at $848.26 on Thursday. 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 firm has a market cap of $362.60 billion, a PE ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27. The business has a fifty day simple moving average of $881.04 and a 200-day simple moving average of $755.96. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75.

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