American Capital Advisory LLC Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

American Capital Advisory LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,663 shares of the Internet television network’s stock after selling 45 shares during the quarter. Netflix makes up about 0.8% of American Capital Advisory LLC’s investment portfolio, making the stock its 26th biggest position. American Capital Advisory LLC’s holdings in Netflix were worth $1,482,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. AMF Tjanstepension AB lifted its holdings in shares of Netflix by 7.4% during 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 position in Netflix by 6.4% during the third quarter. Brookstone Capital Management now owns 7,486 shares of the Internet television network’s stock worth $5,310,000 after purchasing an additional 447 shares during the last quarter. Patten Group Inc. raised its stake in Netflix by 42.4% during the third quarter. Patten Group Inc. now owns 857 shares of the Internet television network’s stock worth $608,000 after purchasing an additional 255 shares during the period. Watts Gwilliam & Co. LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $3,355,000. Finally, Beaumont Financial Advisors LLC grew its stake in shares of Netflix by 6.4% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 383 shares of the Internet television network’s stock valued at $272,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 299,517 shares of company stock worth $285,805,037 over the last ninety days. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,013.93 on Friday. The stock has a market capitalization of $433.72 billion, a price-to-earnings ratio of 51.13, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,027.76. The company’s 50-day simple moving average is $914.82 and its 200-day simple moving average is $787.62. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate 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. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. Needham & Company LLC increased their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Bank of America boosted their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Jefferies Financial Group raised their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Company 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.