Janney Montgomery Scott LLC Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Janney Montgomery Scott LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,242 shares of the Internet television network’s stock after selling 5,883 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Netflix were worth $74,195,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Advisory Resource Group lifted its stake in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in Netflix by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after acquiring an additional 12 shares during the last quarter. Sunflower Bank N.A. grew its stake in shares of Netflix by 2.1% in the 4th 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 increased its holdings in shares of Netflix by 2.0% in the third 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 during the period. Finally, Trust Co. of Vermont raised its stake in shares of Netflix by 2.5% during the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock worth $508,000 after purchasing an additional 14 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at $101,241.12. This trade represents a 99.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 over the last three months. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday. Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday. Finally, TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $993.82.

Netflix Price Performance

NFLX opened at $953.99 on Thursday. 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 $481.40 and a 1 year high of $999.00. The stock has a fifty day moving average price of $886.64 and a 200 day moving average price of $762.07. The stock has a market cap of $407.79 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 1.41 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 earnings per share. Analysts forecast that Netflix, Inc. will post 23.43 EPS for the current fiscal year.

Netflix Company 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.