Schnieders Capital Management LLC Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Schnieders Capital Management LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,807 shares of the Internet television network’s stock after selling 138 shares during the period. Schnieders Capital Management LLC’s holdings in Netflix were worth $2,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. AMF Tjanstepension AB increased its position in shares of Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares in the last quarter. Swedbank AB grew its position in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the period. Pallas Capital Advisors LLC grew its position in Netflix by 10.3% in the 3rd quarter. Pallas Capital Advisors LLC now owns 3,866 shares of the Internet television network’s stock worth $2,917,000 after purchasing an additional 361 shares during the period. Boston Financial Mangement LLC grew its position in Netflix by 1.1% in the 3rd quarter. Boston Financial Mangement LLC now owns 1,891 shares of the Internet television network’s stock worth $1,341,000 after purchasing an additional 20 shares during the period. Finally, Better Money Decisions LLC grew its position in Netflix by 14.4% in the 3rd quarter. Better Money Decisions LLC now owns 793 shares of the Internet television network’s stock worth $562,000 after purchasing an additional 100 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated 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 sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock worth $289,856,164 in the last three months. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.3 %

Shares of NFLX stock opened at $990.06 on Thursday. The stock has a market cap of $423.51 billion, a P/E ratio of 49.93, a PEG ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. 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 company’s fifty day simple moving average is $945.07 and its two-hundred day simple moving average is $827.46.

Netflix (NASDAQ:NFLX) last posted its 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 firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Macquarie lifted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Morgan Stanley lifted their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.