Dakota Wealth Management Sells 1,203 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dakota Wealth Management trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,154 shares of the Internet television network's stock after selling 1,203 shares during the period. Netflix accounts for 0.9% of Dakota Wealth Management's portfolio, making the stock its 19th biggest position. Dakota Wealth Management's holdings in Netflix were worth $37,573,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after acquiring an additional 42 shares during the period. Decker Retirement Planning Inc. bought a new position in Netflix in the fourth quarter valued at about $43,000. MidAtlantic Capital Management Inc. bought a new position in Netflix in the third quarter valued at about $37,000. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter worth about $38,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company's stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company's stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 over the last ninety days. Corporate insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NFLX. Jefferies Financial Group lifted their target price on Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Guggenheim raised their price target on Netflix from $825.00 to $950.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Wedbush reaffirmed an "outperform" rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Evercore ISI lifted their target price on Netflix from $775.00 to $950.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group boosted their price target on Netflix from $750.00 to $850.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average price target of $845.06.

Netflix Trading Up 1.3 %

Shares of NASDAQ:NFLX opened at $869.68 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $479.90 and a 12-month high of $941.75. The firm has a fifty day moving average of $885.64 and a two-hundred day moving average of $760.81. The firm has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. On average, equities analysts expect that Netflix, Inc. will post 19.76 EPS for the current fiscal year.

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.

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