Sanctuary Advisors LLC Sells 6,824 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sanctuary Advisors LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,654 shares of the Internet television network’s stock after selling 6,824 shares during the period. Sanctuary Advisors LLC’s holdings in Netflix were worth $83,362,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Nicholas Hoffman & Company LLC. increased its stake in shares of Netflix by 2.5% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 692 shares of the Internet television network’s stock valued at $617,000 after purchasing an additional 17 shares in the last quarter. Americana Partners LLC increased its stake in shares of Netflix by 4.3% during the fourth quarter. Americana Partners LLC now owns 4,237 shares of the Internet television network’s stock valued at $3,777,000 after purchasing an additional 175 shares in the last quarter. Strategic Advisors LLC increased its stake in shares of Netflix by 34.3% during the fourth quarter. Strategic Advisors LLC now owns 1,111 shares of the Internet television network’s stock valued at $990,000 after purchasing an additional 284 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $227,000. Finally, Monument Capital Management bought a new position in shares of Netflix during the fourth quarter valued at approximately $872,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.4 %

Shares of NFLX stock opened at $1,058.60 on Monday. The company has a market capitalization of $452.83 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company’s fifty day moving average price is $929.40 and its 200-day moving average price is $805.29. 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 (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.11 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Needham & Company LLC increased their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Macquarie increased their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity

In related news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 303,809 shares of company stock worth $290,374,484 in the last three months. Company insiders own 1.76% of the company’s stock.

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.