Valley Brook Capital Group Inc. Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Valley Brook Capital Group Inc. lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 873 shares of the Internet television network’s stock after selling 25 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Netflix were worth $778,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC purchased a new stake in Netflix in the 4th quarter worth about $34,000. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the 3rd quarter worth about $37,000. Finally, Pineridge Advisors LLC raised its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on NFLX. Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their target price for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and upped their target price for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, Macquarie upped their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Down 1.9 %

NFLX stock opened at $1,008.08 on Wednesday. The firm has a market cap of $431.22 billion, a PE ratio of 50.84, a P/E/G ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm’s fifty day moving average is $919.96 and its 200 day moving average is $795.06. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,032.85.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $2.11 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.