Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Means Investment CO. Inc.

Means Investment CO. Inc. cut its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,619 shares of the Internet television network’s stock after selling 99 shares during the period. Means Investment CO. Inc.’s holdings in Netflix were worth $1,443,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FSM Wealth Advisors LLC acquired a new stake in Netflix during the fourth quarter worth about $231,000. HHM Wealth Advisors LLC increased its position in Netflix by 117.6% during the 4th quarter. HHM Wealth Advisors LLC now owns 1,360 shares of the Internet television network’s stock worth $1,212,000 after purchasing an additional 735 shares in the last quarter. CFM Wealth Partners LLC raised its holdings in Netflix by 16.2% in the fourth quarter. CFM Wealth Partners LLC now owns 5,114 shares of the Internet television network’s stock valued at $4,558,000 after buying an additional 713 shares during the period. Adamsbrown Wealth Consultants LLC grew its stake in Netflix by 5.8% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 492 shares of the Internet television network’s stock worth $439,000 after buying an additional 27 shares during the period. Finally, Stock Yards Bank & Trust Co. raised its stake in shares of Netflix by 3.8% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 2,605 shares of the Internet television network’s stock valued at $2,322,000 after acquiring an additional 95 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,516 shares of company stock valued at $92,377,637. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NFLX. Bank of America increased their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, Pivotal Research increased their price target 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. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Get Our Latest Stock Analysis on Netflix

Netflix Price Performance

NASDAQ:NFLX opened at $976.76 on Monday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $417.82 billion, a P/E ratio of 49.26, a PEG ratio of 2.02 and a beta of 1.27. The business’s 50-day moving average price is $904.67 and its 200 day moving average price is $778.61.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.11 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

About Netflix

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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