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

Wellington Wealth Strategies LLC. decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 38.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 292 shares of the Internet television network’s stock after selling 182 shares during the period. Wellington Wealth Strategies LLC.’s holdings in Netflix were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NFLX. Capital & Planning LLC bought a new stake in shares of Netflix in the 4th quarter valued at $809,000. Ameritas Advisory Services LLC lifted its holdings in Netflix by 35.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the Internet television network’s stock valued at $3,327,000 after buying an additional 973 shares during the period. City Holding Co. boosted its position in Netflix by 29.5% during the fourth quarter. City Holding Co. now owns 2,873 shares of the Internet television network’s stock valued at $2,561,000 after acquiring an additional 654 shares during the last quarter. LVW Advisors LLC grew its holdings in Netflix by 0.9% during the 4th quarter. LVW Advisors LLC now owns 1,630 shares of the Internet television network’s stock worth $1,453,000 after acquiring an additional 15 shares during the period. Finally, Diversify Wealth Management LLC raised its position in shares of Netflix by 13.2% in the 4th quarter. Diversify Wealth Management LLC now owns 2,665 shares of the Internet television network’s stock worth $2,233,000 after acquiring an additional 310 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on NFLX shares. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Morgan Stanley increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Wells Fargo & Company lifted 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. Barclays increased their target price on shares of Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note 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 report on Monday. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,102.79.

Netflix Trading Up 0.0%

Shares of Netflix stock opened at $1,191.64 on Tuesday. The stock’s 50-day simple moving average is $1,014.78 and its 200 day simple moving average is $951.31. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,196.50. 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 has a market capitalization of $507.13 billion, a P/E ratio of 60.09, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradford L. Smith sold 3,919 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the sale, the director now owns 7,969 shares of the company’s stock, valued at $8,959,227.94. The trade was a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock worth $138,483,256 in the last three months. Corporate 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.