Atlantic Edge Private Wealth Management LLC Sells 11 Shares of Netflix, Inc. (NASDAQ:NFLX)

Atlantic Edge Private Wealth Management LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,502 shares of the Internet television network’s stock after selling 11 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Netflix were worth $1,339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $25,000. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC grew its position in Netflix by 4,000.0% during 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. Princeton Global Asset Management LLC grew its position in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $994.63, for a total transaction of $421,723.12. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $31,440,254.30. The trade was a 1.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 298,870 shares of company stock valued at $285,287,314 over the last 90 days. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Arete Research upgraded Netflix to a “hold” rating in a research report on Thursday, January 23rd. UBS Group increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Loop Capital increased their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Guggenheim increased their price target on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

NASDAQ NFLX opened at $1,027.60 on Tuesday. The firm’s fifty day moving average price is $917.36 and its two-hundred day moving average price is $792.29. The stock has a market cap of $439.57 billion, a PE ratio of 51.82, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,032.85. 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 issued its quarterly earnings data 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 company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts expect 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.