Forum Financial Management LP Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Forum Financial Management LP decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,905 shares of the Internet television network's stock after selling 541 shares during the period. Forum Financial Management LP's holdings in Netflix were worth $2,589,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the period. Newton One Investments LLC purchased a new stake in Netflix in the fourth quarter worth $34,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in Netflix in the fourth quarter worth about $43,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 41,121 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock worth $267,919,297 over the last quarter. Insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research reports. Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday. Wells Fargo & Company lifted their price target on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday. UBS Group reduced their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday. Nine analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,070.65.

Netflix Price Performance

Shares of NFLX traded up $66.52 during mid-day trading on Tuesday, hitting $1,054.43. 5,728,090 shares of the stock were exchanged, compared to its average volume of 3,706,018. The firm has a 50-day moving average of $954.08 and a two-hundred day moving average of $896.26. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $451.04 billion, a PE ratio of 53.15, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the business earned $8.28 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.