Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,154 shares of the Internet television network’s stock after selling 101 shares during the period. Netflix comprises about 0.6% of Legacy Financial Advisors Inc.’s portfolio, making the stock its 28th biggest position. Legacy Financial Advisors Inc.’s holdings in Netflix were worth $3,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pathway Financial Advisers LLC grew its position 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. Newton One Investments LLC bought a new stake in Netflix in the fourth quarter valued at $34,000. Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 274,312 shares of company stock worth $267,919,297 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 8.6 %

Shares of NASDAQ NFLX opened at $945.47 on Thursday. 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 company has a market cap of $404.43 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The business’s 50 day moving average price is $962.78 and its 200-day moving average price is $881.51.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 earnings per share. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Oppenheimer upped their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Bank of America boosted their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,017.31.

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.