Strategic Blueprint LLC Has $2.27 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Strategic Blueprint LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,543 shares of the Internet television network’s stock after selling 233 shares during the period. Strategic Blueprint LLC’s holdings in Netflix were worth $2,267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter worth $37,000. FSA Wealth Management LLC acquired a new stake in Netflix in the third quarter valued at $38,000. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter valued at $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 0.7 %

NASDAQ:NFLX opened at $978.94 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The firm has a market cap of $418.46 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The firm has a 50-day moving average price of $899.64 and a two-hundred day moving average price of $772.71.

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

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock worth $123,913,691 in the last quarter. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. KeyCorp increased their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Pivotal Research increased their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Needham & Company LLC increased their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, UBS Group increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

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.