Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 28.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,769 shares of the Internet television network’s stock after selling 719 shares during the period. Telos Capital Management Inc.’s holdings in Netflix were worth $1,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB increased its holdings in shares of Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares during the period. Brookstone Capital Management increased its holdings in shares of Netflix by 6.4% in the 3rd quarter. Brookstone Capital Management now owns 7,486 shares of the Internet television network’s stock worth $5,310,000 after acquiring an additional 447 shares during the period. Sovereign Financial Group Inc. increased its holdings in shares of Netflix by 42.9% in the 3rd quarter. Sovereign Financial Group Inc. now owns 440 shares of the Internet television network’s stock worth $312,000 after acquiring an additional 132 shares during the period. Daymark Wealth Partners LLC increased its holdings in shares of Netflix by 3.2% in the 3rd quarter. Daymark Wealth Partners LLC now owns 2,225 shares of the Internet television network’s stock worth $1,578,000 after acquiring an additional 69 shares during the period. Finally, Marcum Wealth LLC increased its holdings in shares of Netflix by 5.3% in the 3rd quarter. Marcum Wealth LLC now owns 1,631 shares of the Internet television network’s stock worth $1,157,000 after acquiring an additional 82 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. KeyCorp increased their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Jefferies Financial Group increased their target price on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup increased their target price 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. Finally, Morgan Stanley increased their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten equities research 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 stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 three months, insiders sold 292,270 shares of company stock valued at $278,469,388. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 0.5 %

NFLX opened at $1,015.68 on Friday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,016.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day moving average price is $912.05 and its two-hundred day moving average price is $786.03. The company has a market capitalization of $434.47 billion, a P/E ratio of 51.22, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted 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. The firm 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 business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.