Asio Capital LLC Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Asio Capital LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,679 shares of the Internet television network’s stock after selling 198 shares during the quarter. Netflix makes up approximately 1.5% of Asio Capital LLC’s investment portfolio, making the stock its 18th biggest position. Asio Capital LLC’s holdings in Netflix were worth $7,736,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Archford Capital Strategies LLC raised its position in Netflix by 1.3% in the fourth quarter. Archford Capital Strategies LLC now owns 2,539 shares of the Internet television network’s stock valued at $2,263,000 after purchasing an additional 32 shares during the period. Investment Research & Advisory Group Inc. raised its holdings in shares of Netflix by 5.9% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 3,570 shares of the Internet television network’s stock valued at $3,182,000 after buying an additional 199 shares during the period. Smith Chas P & Associates PA Cpas acquired a new position in Netflix during the 4th quarter worth approximately $319,000. AlphaMark Advisors LLC boosted its holdings in Netflix by 1,142.9% in the 4th quarter. AlphaMark Advisors LLC now owns 87 shares of the Internet television network’s stock worth $78,000 after acquiring an additional 80 shares during the period. Finally, Moody Lynn & Lieberson LLC grew its position in Netflix by 0.9% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 35,712 shares of the Internet television network’s stock valued at $31,831,000 after acquiring an additional 324 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 0.7 %

Netflix stock opened at $977.59 on Friday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm’s 50 day moving average price is $895.13 and its two-hundred day moving average price is $766.98. The firm has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 earnings per share. On average, research analysts predict that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 33.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock worth $123,913,691 over the last 90 days. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NFLX shares. UBS Group upped their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird boosted their price target on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

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.