Stratos Wealth Partners LTD. Has $12.38 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Stratos Wealth Partners LTD. decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,890 shares of the Internet television network’s stock after selling 57 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Netflix were worth $12,380,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NFLX. Sargent Investment Group LLC lifted its position in Netflix by 43.0% during the 4th quarter. Sargent Investment Group LLC now owns 429 shares of the Internet television network’s stock worth $360,000 after acquiring an additional 129 shares during the last quarter. Old North State Wealth Management LLC acquired a new position in shares of Netflix during the 4th quarter worth about $204,000. Cassia Capital Partners LLC grew its holdings in Netflix by 8.6% in the 4th quarter. Cassia Capital Partners LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,139,000 after buying an additional 101 shares during the last quarter. Tanager Wealth Management LLP increased its position in Netflix by 12.7% in the 4th quarter. Tanager Wealth Management LLP now owns 319 shares of the Internet television network’s stock worth $284,000 after buying an additional 36 shares during the period. Finally, RFG Holdings Inc. lifted its holdings in shares of Netflix by 7.5% during the fourth quarter. RFG Holdings Inc. now owns 1,184 shares of the Internet television network’s stock worth $1,055,000 after buying an additional 83 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $994.87 on Wednesday. The firm’s 50 day simple moving average is $906.93 and its 200 day simple moving average is $781.90. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,008.00. The company has a market capitalization of $425.57 billion, a price-to-earnings ratio of 50.17, a P/E/G ratio of 2.02 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 (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm posted $2.11 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Citigroup upped their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 32,067 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $978.39, for a total value of $31,374,032.13. Following the completion of the transaction, the chairman now directly owns 349 shares of the company’s stock, valued at approximately $341,458.11. This represents a 98.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 281,026 shares of company stock valued at $267,211,135. Company 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.