Valmark Advisers Inc. Sells 134 Shares of Netflix, Inc. (NASDAQ:NFLX)

Valmark Advisers Inc. decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,965 shares of the Internet television network’s stock after selling 134 shares during the period. Valmark Advisers Inc.’s holdings in Netflix were worth $1,832,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in shares of Netflix in the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,660 shares of company stock valued at $209,802,025. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Loop Capital reissued a “hold” rating on shares of Netflix in a research report on Monday, March 24th. Morgan Stanley boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Macquarie boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Pivotal Research boosted their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a “buy” rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,172.73.

Netflix Price Performance

NFLX stock opened at $1,253.54 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The stock has a market cap of $533.47 billion, a PE ratio of 59.24, a P/E/G ratio of 2.38 and a beta of 1.59. The firm has a 50 day simple moving average of $1,157.24 and a two-hundred day simple moving average of $1,014.42.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the company earned $8.28 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.