Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Financial Security Advisor Inc.

Financial Security Advisor Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 343 shares of the Internet television network’s stock after selling 17 shares during the period. Financial Security Advisor Inc.’s holdings in Netflix were worth $306,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Verus Capital Partners LLC boosted its holdings in shares of Netflix by 2.6% in the 4th quarter. Verus Capital Partners LLC now owns 1,671 shares of the Internet television network’s stock valued at $1,489,000 after buying an additional 43 shares during the period. Fusion Capital LLC boosted its holdings in shares of Netflix by 1.9% in the 4th quarter. Fusion Capital LLC now owns 754 shares of the Internet television network’s stock valued at $672,000 after buying an additional 14 shares during the period. Fort Sheridan Advisors LLC boosted its holdings in shares of Netflix by 15.6% in the 4th quarter. Fort Sheridan Advisors LLC now owns 742 shares of the Internet television network’s stock valued at $661,000 after buying an additional 100 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of Netflix by 7.1% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 750 shares of the Internet television network’s stock valued at $668,000 after buying an additional 50 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of Netflix by 7.3% in the 4th quarter. QRG Capital Management Inc. now owns 95,563 shares of the Internet television network’s stock valued at $85,177,000 after buying an additional 6,518 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,380 shares of company stock valued at $290,016,164 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on NFLX shares. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Citigroup lifted their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Ten 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 company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX opened at $963.07 on Friday. The firm’s 50 day moving average is $946.29 and its 200-day moving average is $828.40. The stock has a market capitalization of $411.96 billion, a P/E ratio of 48.57, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for 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%. The firm’s quarterly 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. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.