Wellington Wealth Strategies LLC. Sells 182 Shares of Netflix, Inc. (NASDAQ:NFLX)

Wellington Wealth Strategies LLC. lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 38.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292 shares of the Internet television network’s stock after selling 182 shares during the quarter. Wellington Wealth Strategies LLC.’s holdings in Netflix were worth $260,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NFLX. West Michigan Advisors LLC raised its holdings in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. raised its stake in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after purchasing an additional 10 shares during the period. MRP Capital Investments LLC lifted its holdings in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC boosted its position in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. boosted its position in shares of Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after buying an additional 10 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director now directly owns 7,969 shares of the company’s stock, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,358 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is owned by insiders.

Netflix Stock Up 0.0%

NASDAQ NFLX opened at $1,191.64 on Tuesday. The business has a fifty day moving average price of $1,014.78 and a two-hundred day moving average price of $951.31. The stock has a market capitalization of $507.13 billion, a PE ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,196.50. 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 posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the firm earned $8.28 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NFLX shares. FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and set a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 21st. Wells Fargo & Company upped their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research note on Monday. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,102.79.

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.