Global Assets Advisory LLC Trims Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Global Assets Advisory LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 44.8% during the fourth quarter, Holdings Channel reports. The fund owned 895 shares of the Internet television network’s stock after selling 727 shares during the quarter. Global Assets Advisory LLC’s holdings in Netflix were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter worth approximately $32,000. Newton One Investments LLC acquired a new stake in Netflix during the fourth quarter worth approximately $34,000. Pineridge Advisors LLC grew its stake in Netflix by 4,000.0% in 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 period. Finally, Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Evercore ISI lifted their price target on Netflix from $1,100.00 to $1,150.00 and gave the company an “outperform” rating in a report on Monday, April 21st. Rosenblatt Securities increased their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Barclays boosted their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Monday, April 21st. Finally, FBN Securities initiated coverage on shares of Netflix in a research note on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,084.91.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,624,746.55. This represents a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $35,972,180. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,530 shares of company stock valued at $137,602,751. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.4 %

NFLX stock opened at $1,139.81 on Friday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,164.00. 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 company has a market capitalization of $485.07 billion, a P/E ratio of 57.48, a PEG ratio of 2.12 and a beta of 1.58. The firm has a 50 day simple moving average of $984.97 and a 200-day simple moving average of $931.79.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 22.34% and a return on equity of 38.32%. The business 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 business posted $8.28 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.