Sigma Planning Corp Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Sigma Planning Corp reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 65.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,462 shares of the Internet television network’s stock after selling 4,625 shares during the period. Sigma Planning Corp’s holdings in Netflix were worth $1,199,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Columbia Trust Co 01012016 increased its stake in Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after buying an additional 208 shares during the period. Crumly & Associates Inc. increased its stake in Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after buying an additional 83 shares during the period. Venture Visionary Partners LLC increased its stake in Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares during the period. Assenagon Asset Management S.A. increased its stake in Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after buying an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC increased its stake in Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after buying an additional 114 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.1 %

NFLX stock opened at $554.60 on Tuesday. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The stock has a market capitalization of $238.98 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. The company has a fifty day moving average of $605.58 and a 200-day moving average of $516.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter last year, the business earned $2.88 EPS. The business’s revenue was up 14.8% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 17.13 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on NFLX. Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and lowered their price target for the stock from $720.00 to $585.00 in a report on Friday. Loop Capital boosted their price target on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, March 18th. The Goldman Sachs Group boosted their price target on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Sanford C. Bernstein boosted their price target on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $713.00 price target (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 47,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares of the company’s stock, valued at approximately $237,284,217. The disclosure for this sale can be found here. In the last quarter, insiders sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

About Netflix

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.