Cynosure Group LLC Has $788,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Cynosure Group LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 884 shares of the Internet television network's stock after selling 327 shares during the quarter. Cynosure Group LLC's holdings in Netflix were worth $788,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC boosted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Newton One Investments LLC acquired a new position in Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC grew its stake in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after buying an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in shares of Netflix in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and upped their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Oppenheimer raised their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley upped their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.02.

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Netflix Price Performance

Shares of NASDAQ NFLX traded up $7.14 during mid-day trading on Wednesday, hitting $935.52. 3,221,293 shares of the stock traded hands, compared to its average volume of 3,597,808. The company has a market cap of $400.18 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50 day simple moving average of $974.03 and a two-hundred day simple moving average of $873.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the firm posted $2.11 earnings per share. The business's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,544 shares of company stock valued at $305,369,325. 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.