Kingswood Wealth Advisors LLC Sells 4,956 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kingswood Wealth Advisors LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 53.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,391 shares of the Internet television network's stock after selling 4,956 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Netflix were worth $3,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its position in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after buying an additional 123,029 shares during the last quarter. Jennison Associates LLC boosted its stake in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC grew its position in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock worth $3,473,571,000 after acquiring an additional 23,702 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of Netflix stock traded down $5.70 during trading on Monday, hitting $971.89. 4,626,013 shares of the company's stock traded hands, compared to its average volume of 4,780,319. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The business has a 50-day simple moving average of $895.13 and a 200-day simple moving average of $768.18. The stock has a market capitalization of $415.44 billion, a P/E ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10,141,900 billion. During the same period in the previous year, the company earned $2.11 earnings per share. The firm's quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 23.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research note on Thursday. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and boosted their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Pivotal Research raised their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an "outperform" rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 in the last ninety days. Insiders own 1.76% of the company's stock.

Netflix 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.