Gries Financial LLC Has $1.47 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Gries Financial LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,654 shares of the Internet television network’s stock after selling 105 shares during the period. Gries Financial LLC’s holdings in Netflix were worth $1,474,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of 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 valued at $34,000 after acquiring an additional 42 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the 4th quarter valued at about $43,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter valued at about $37,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter valued at about $38,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock valued at $123,913,691 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $978.94 on Thursday. The company has a 50 day moving average of $899.64 and a 200-day moving average of $772.71. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market cap of $418.46 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $2.11 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NFLX shares. Bank of America lifted their price target 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. JPMorgan Chase & Co. boosted their price target on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Ten equities research 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 stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.