Hantz Financial Services Inc. Sells 2,328 Shares of Netflix, Inc. (NASDAQ:NFLX)

Hantz Financial Services Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 52,358 shares of the Internet television network's stock after selling 2,328 shares during the period. Netflix comprises 0.8% of Hantz Financial Services Inc.'s holdings, making the stock its 22nd largest position. Hantz Financial Services Inc.'s holdings in Netflix were worth $46,668,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. McKinley Carter Wealth Services Inc. increased its holdings in Netflix by 2.1% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 8,908 shares of the Internet television network's stock valued at $7,940,000 after purchasing an additional 179 shares during the period. Nvest Financial LLC lifted its stake in shares of Netflix by 9.1% during the 4th quarter. Nvest Financial LLC now owns 3,606 shares of the Internet television network's stock valued at $3,214,000 after buying an additional 301 shares in the last quarter. Smith Group Asset Management LLC increased its holdings in shares of Netflix by 1.1% in the 4th quarter. Smith Group Asset Management LLC now owns 34,384 shares of the Internet television network's stock worth $30,647,000 after buying an additional 379 shares during the last quarter. BOCHK Asset Management Ltd purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $267,000. Finally, Verus Wealth Management LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $220,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NFLX shares. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Wedbush reissued an "outperform" rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Citigroup raised their price target on shares of Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a report on Thursday, December 5th. Finally, Phillip Securities cut Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,021.70.

Insiders Place Their Bets

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the transaction, the chairman now owns 85 shares in the company, valued at $64,435.10. The trade was a 99.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 0.7 %

Shares of NFLX stock traded up $7.11 on Wednesday, hitting $978.94. The company had a trading volume of 2,916,685 shares, compared to its average volume of 4,602,485. The stock's 50-day moving average is $899.64 and its two-hundred day moving average is $772.71. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The firm has a market cap of $418.46 billion, a P/E ratio of 49.37, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

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.