Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Bellwether Advisors LLC

Bellwether Advisors LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 91.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135 shares of the Internet television network’s stock after selling 1,515 shares during the quarter. Bellwether Advisors LLC’s holdings in Netflix were worth $120,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Parkshore Wealth Management Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $276,000. Second Half Financial Partners LLC increased its stake in shares of Netflix by 2.1% in the fourth quarter. Second Half Financial Partners LLC now owns 1,041 shares of the Internet television network’s stock valued at $928,000 after purchasing an additional 21 shares during the period. Mission Creek Capital Partners Inc. increased its stake in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after purchasing an additional 10 shares during the period. Berger Financial Group Inc increased its stake in shares of Netflix by 4.0% during the fourth quarter. Berger Financial Group Inc now owns 2,004 shares of the Internet television network’s stock valued at $1,786,000 after acquiring an additional 77 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Netflix by 0.5% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 36,786 shares of the Internet television network’s stock valued at $32,788,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.8 %

NFLX stock opened at $1,110.38 on Tuesday. Netflix, Inc. has a 1 year low of $544.25 and a 1 year high of $1,114.00. The company has a fifty day simple moving average of $957.26 and a 200 day simple moving average of $908.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $472.55 billion, a PE ratio of 55.99, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted $8.28 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Robert W. Baird raised their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. BMO Capital Markets restated an “outperform” rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Finally, Wedbush raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,072.12.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 274,495 shares of company stock valued at $268,176,922. Insiders own 1.76% of the company’s stock.

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.