Kraft Davis & Associates LLC Sells 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kraft Davis & Associates LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 307 shares of the Internet television network’s stock after selling 20 shares during the quarter. Kraft Davis & Associates LLC’s holdings in Netflix were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Waddell & Associates LLC increased its position in shares of Netflix by 1.1% in the 4th quarter. Waddell & Associates LLC now owns 1,304 shares of the Internet television network’s stock valued at $1,162,000 after acquiring an additional 14 shares during the period. Texas Yale Capital Corp. grew its stake in Netflix by 2.3% during the 4th quarter. Texas Yale Capital Corp. now owns 6,322 shares of the Internet television network’s stock valued at $5,635,000 after purchasing an additional 140 shares during the last quarter. Azimuth Capital Investment Management LLC increased its holdings in shares of Netflix by 10.2% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 15,429 shares of the Internet television network’s stock valued at $13,752,000 after purchasing an additional 1,424 shares during the period. Advisory Services Network LLC increased its holdings in shares of Netflix by 13.2% in the fourth quarter. Advisory Services Network LLC now owns 18,213 shares of the Internet television network’s stock valued at $16,234,000 after purchasing an additional 2,130 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Netflix in the fourth quarter worth about $125,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction 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 transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,402,068.52. The trade was a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock valued at $267,919,297 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $870.40 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm has a market capitalization of $372.32 billion, a P/E ratio of 43.89, a P/E/G ratio of 2.12 and a beta of 1.55. The company’s fifty day moving average price is $963.96 and its 200 day moving average price is $879.39.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.11 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Needham & Company LLC increased their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Robert W. Baird increased their price target on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America boosted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Guggenheim restated a “buy” rating and issued a $1,100.00 target price on shares of Netflix in a research note on Thursday, April 3rd. Finally, Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,020.17.

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.