Blake Schutter Theil Wealth Advisors LLC Sells 694 Shares of Netflix, Inc. (NASDAQ:NFLX)

Blake Schutter Theil Wealth Advisors LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 73.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 247 shares of the Internet television network’s stock after selling 694 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in Netflix were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the period. Newton One Investments LLC bought a new stake in Netflix during the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter valued at $37,000. Finally, Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after acquiring an additional 40 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NFLX shares. Evercore ISI upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Macquarie boosted their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. UBS Group upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Ten 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $891.11 on Friday. 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 stock has a market capitalization of $381.18 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The firm’s 50 day moving average price is $950.26 and its 200-day moving average price is $841.52. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company’s stock.

About Netflix

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.