Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,745 shares of the Internet television network’s stock after selling 312 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Netflix were worth $6,903,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Certuity LLC increased its stake in shares of Netflix by 65.5% during the fourth quarter. Certuity LLC now owns 3,276 shares of the Internet television network’s stock valued at $2,920,000 after acquiring an additional 1,296 shares during the period. Wealth Advisors Northwest LLC bought a new position in Netflix during the 4th quarter valued at $1,292,000. Leavell Investment Management Inc. increased its position in shares of Netflix by 5.8% during the 4th quarter. Leavell Investment Management Inc. now owns 658 shares of the Internet television network’s stock valued at $586,000 after purchasing an additional 36 shares during the period. Portfolio Design Labs LLC raised its stake in shares of Netflix by 12.2% in the 4th quarter. Portfolio Design Labs LLC now owns 6,690 shares of the Internet television network’s stock worth $5,963,000 after buying an additional 725 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Netflix by 1.9% in the fourth quarter. Quent Capital LLC now owns 2,249 shares of the Internet television network’s stock valued at $2,005,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,809 shares of company stock valued at $290,374,484. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 1.9 %

Shares of NFLX stock opened at $1,008.08 on Wednesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,032.85. The company has a market cap of $431.22 billion, a PE ratio of 50.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $919.96 and its two-hundred day moving average is $795.06.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.