SRS Capital Advisors Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 205 shares of the Internet television network’s stock after selling 68 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Netflix were worth $55,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Gemmer Asset Management LLC lifted its holdings in Netflix by 12.4% during the fourth quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock worth $73,000 after buying an additional 30 shares during the period. Argent Trust Co lifted its holdings in Netflix by 4.2% during the fourth quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock worth $200,000 after buying an additional 30 shares during the period. Versant Capital Management Inc lifted its holdings in Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after buying an additional 35 shares during the period. Reilly Financial Advisors LLC lifted its holdings in Netflix by 5.2% during the fourth quarter. Reilly Financial Advisors LLC now owns 708 shares of the Internet television network’s stock worth $190,000 after buying an additional 35 shares during the period. Finally, First Personal Financial Services lifted its holdings in Netflix by 9.3% during the fourth quarter. First Personal Financial Services now owns 519 shares of the Internet television network’s stock worth $139,000 after buying an additional 44 shares during the period. 79.49% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on NFLX. Wedbush reiterated a “sell” rating and set a $150.00 price objective on shares of Netflix in a report on Monday, January 14th. Nomura set a $370.00 price objective on Netflix and gave the company a “neutral” rating in a report on Monday, October 29th. Morningstar set a $120.00 price objective on Netflix and gave the company a “sell” rating in a report on Monday, October 29th. JPMorgan Chase & Co. decreased their price objective on Netflix from $425.00 to $425.00 and set an “overweight” rating for the company in a report on Monday, January 14th. Finally, Raymond James upgraded Netflix from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $435.00 to $450.00 in a report on Friday, January 11th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus target price of $376.33.
Shares of NFLX stock opened at $356.87 on Friday. The firm has a market capitalization of $153.58 billion, a P/E ratio of 133.16, a PEG ratio of 2.90 and a beta of 1.38. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.98. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $423.21.
Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.06. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Analysts forecast that Netflix, Inc. will post 4.05 EPS for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 63,147 shares of the stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the sale, the chief executive officer now directly owns 63,147 shares of the company’s stock, valued at approximately $15,226,004.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Sweeney sold 342 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $360.00, for a total value of $123,120.00. Following the sale, the director now directly owns 342 shares in the company, valued at $123,120. The disclosure for this sale can be found here. Insiders sold a total of 220,252 shares of company stock valued at $62,279,115 in the last 90 days. 4.29% of the stock is currently owned by company insiders.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
Recommended Story: What is the Bid-Ask Spread?
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.