Netflix, Inc. (NASDAQ:NFLX) Shares Sold by EPG Wealth Management LLC

EPG Wealth Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,377 shares of the Internet television network’s stock after selling 98 shares during the quarter. EPG Wealth Management LLC’s holdings in Netflix were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC grew its stake in Netflix by 4.7% during the 4th quarter. EP Wealth Advisors LLC now owns 17,592 shares of the Internet television network’s stock worth $15,680,000 after buying an additional 789 shares during the last quarter. Colonial Trust Co SC increased its position in shares of Netflix by 191.7% in the fourth quarter. Colonial Trust Co SC now owns 913 shares of the Internet television network’s stock worth $814,000 after acquiring an additional 600 shares in the last quarter. Concentric Capital Strategies LP purchased a new stake in shares of Netflix in the fourth quarter valued at $10,954,000. CoreCap Advisors LLC grew its position in Netflix by 21.5% during the fourth quarter. CoreCap Advisors LLC now owns 7,001 shares of the Internet television network’s stock valued at $6,240,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Corton Capital Inc. purchased a new stake in shares of Netflix during the fourth quarter worth $274,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Phillip Securities upgraded Netflix from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 21st. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,084.91.

Netflix Stock Performance

NFLX opened at $1,137.69 on Wednesday. The company has a fifty day moving average of $974.71 and a 200 day moving average of $925.04. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,159.44. The stock has a market capitalization of $484.17 billion, a price-to-earnings ratio of 57.37, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period last year, the company earned $8.28 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total value of $691,555.45. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,726,322.87. The trade was a 15.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,451 shares of company stock valued at $142,194,072. 1.76% of the stock is currently owned by company insiders.

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.