Alaethes Wealth LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Alaethes Wealth LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,313 shares of the Internet television network’s stock after selling 10 shares during the period. Alaethes Wealth LLC’s holdings in Netflix were worth $2,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Michigan Advisors LLC boosted its holdings in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. lifted its position in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after acquiring an additional 10 shares during the last quarter. MRP Capital Investments LLC boosted its holdings in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC grew its position in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after purchasing an additional 10 shares during the last quarter. Finally, 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 worth $3,410,000 after purchasing an additional 10 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on NFLX shares. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets reissued an “outperform” rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Evercore ISI boosted their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Finally, Moffett Nathanson restated a “buy” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,084.91.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director now owns 79,040 shares in the company, valued at $87,099,708.80. The trade was a 29.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold a total of 182,759 shares of company stock valued at $186,744,388 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,156.49 on Friday. Netflix, Inc. has a 52 week low of $565.16 and a 52 week high of $1,159.44. The stock has a market capitalization of $492.17 billion, a PE ratio of 58.32, a PEG ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $968.34 and its 200-day moving average is $917.85.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.