Marietta Wealth Management LLC Sells 324 Shares of Netflix, Inc. (NASDAQ:NFLX)

Marietta Wealth Management LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,035 shares of the Internet television network’s stock after selling 324 shares during the period. Netflix makes up approximately 1.5% of Marietta Wealth Management LLC’s holdings, making the stock its 18th biggest position. Marietta Wealth Management LLC’s holdings in Netflix were worth $10,727,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Netflix by 58.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,560 shares of the Internet television network’s stock worth $26,698,000 after acquiring an additional 14,560 shares during the period. AMF Tjanstepension AB grew its position in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares during the last quarter. Czech National Bank increased its stake in shares of Netflix by 6.5% in the third quarter. Czech National Bank now owns 87,425 shares of the Internet television network’s stock worth $62,008,000 after purchasing an additional 5,312 shares during the period. Meritas Wealth Management LLC lifted its position in shares of Netflix by 2.9% during the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 16 shares during the last quarter. Finally, Apella Capital LLC boosted its stake in Netflix by 5.9% during the 3rd quarter. Apella Capital LLC now owns 1,054 shares of the Internet television network’s stock valued at $749,000 after purchasing an additional 59 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $976.76 on Friday. The stock’s fifty day moving average is $904.67 and its 200-day moving average is $777.76. 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, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The stock has a market capitalization of $417.82 billion, a PE ratio of 49.26, a PEG ratio of 2.03 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the company posted $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted 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. Pivotal Research boosted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Argus increased their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Loop Capital boosted their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction 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 transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 105,516 shares of company stock valued at $92,377,637 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

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.