Netflix, Inc. (NASDAQ:NFLX) Stake Cut by Blake Schutter Theil Wealth Advisors LLC

Blake Schutter Theil Wealth Advisors LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 73.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 247 shares of the Internet television network's stock after selling 694 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC's holdings in Netflix were worth $220,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Barings LLC lifted its position in shares of Netflix by 20.0% during the 4th quarter. Barings LLC now owns 485 shares of the Internet television network's stock worth $432,000 after buying an additional 81 shares during the last quarter. Amundi lifted its position in shares of Netflix by 2.8% during the 4th quarter. Amundi now owns 1,502,970 shares of the Internet television network's stock worth $1,315,099,000 after buying an additional 40,622 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Netflix by 6.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,272 shares of the Internet television network's stock worth $3,808,000 after buying an additional 265 shares during the last quarter. Naviter Wealth LLC lifted its position in shares of Netflix by 20.5% during the 4th quarter. Naviter Wealth LLC now owns 3,347 shares of the Internet television network's stock worth $2,983,000 after buying an additional 570 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Netflix during the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NFLX shares. Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Needham & Company LLC lifted their target price 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. Macquarie lifted their target price 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, Loop Capital lifted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.70.

Netflix Trading Down 1.7 %

Shares of NASDAQ NFLX traded down $15.25 on Friday, reaching $891.11. 7,733,383 shares of the company traded hands, compared to its average volume of 3,352,894. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a 50 day moving average of $950.26 and a 200 day moving average of $842.54. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $381.18 billion, a PE ratio of 44.94, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during 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 quarter in the prior year, the company earned $2.11 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now owns 114 shares of the company's stock, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

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.