Wealthgarden F.S. LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Wealthgarden F.S. LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 82.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 682 shares of the Internet television network’s stock after selling 3,156 shares during the period. Wealthgarden F.S. LLC’s holdings in Netflix were worth $608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MONECO Advisors LLC increased its holdings in Netflix by 9.7% in the fourth quarter. MONECO Advisors LLC now owns 2,166 shares of the Internet television network’s stock valued at $1,931,000 after buying an additional 191 shares in the last quarter. Howard Capital Management Inc. increased its holdings in Netflix by 3.1% in the fourth quarter. Howard Capital Management Inc. now owns 12,916 shares of the Internet television network’s stock valued at $11,512,000 after buying an additional 385 shares in the last quarter. WESPAC Advisors LLC increased its holdings in Netflix by 6.0% in the fourth quarter. WESPAC Advisors LLC now owns 461 shares of the Internet television network’s stock valued at $411,000 after buying an additional 26 shares in the last quarter. Wealthspire Advisors LLC increased its stake in shares of Netflix by 4.4% during the fourth quarter. Wealthspire Advisors LLC now owns 9,280 shares of the Internet television network’s stock worth $8,271,000 after purchasing an additional 394 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in shares of Netflix by 25.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 75 shares of the Internet television network’s stock worth $67,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock worth $289,856,164 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,003.15 on Friday. The firm’s 50 day moving average price is $940.55 and its 200-day moving average price is $819.90. 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, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a market cap of $429.10 billion, a P/E ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Bank of America boosted their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note 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, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.