HMS Capital Management LLC Has $1.36 Million Position in Netflix, Inc. (NASDAQ:NFLX)

HMS Capital Management LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,793 shares of the Internet television network’s stock after selling 29 shares during the quarter. HMS Capital Management LLC’s holdings in Netflix were worth $1,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Authentikos Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter worth $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the 3rd quarter worth $26,000. Carmel Capital Partners LLC grew its holdings in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the period. Evermay Wealth Management LLC grew its holdings in Netflix by 94.9% during the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after acquiring an additional 56 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in Netflix during the 4th quarter worth $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 25,998 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total transaction of $12,232,318.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,998 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total transaction of $12,232,318.98. The disclosure for this sale can be found here. Insiders have sold a total of 273,767 shares of company stock worth $151,298,232 in the last quarter. Corporate insiders own 2.45% of the company’s stock.

Netflix Stock Up 0.3 %

Shares of NFLX opened at $629.24 on Wednesday. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $634.39. The firm has a market cap of $272.31 billion, a P/E ratio of 52.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22. The firm’s 50-day simple moving average is $576.19 and its 200 day simple moving average is $485.50. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same quarter last year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 17.01 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on NFLX shares. The Goldman Sachs Group lifted their target price on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $510.00 to $610.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Robert W. Baird boosted their price target on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley boosted their price target on shares of Netflix from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Finally, KeyCorp boosted their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $579.85.

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.