Netflix, Inc. (NASDAQ:NFLX) is WP Advisors LLC's 8th Largest Position

WP Advisors LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,006 shares of the Internet television network's stock after selling 468 shares during the period. Netflix comprises approximately 3.3% of WP Advisors LLC's portfolio, making the stock its 8th largest position. WP Advisors LLC's holdings in Netflix were worth $9,810,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NFLX. Cordatus Wealth Management LLC lifted its position in Netflix by 2.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 3,084 shares of the Internet television network's stock valued at $2,749,000 after purchasing an additional 68 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in Netflix during the 4th quarter valued at $123,000. Legacy Capital Group California Inc. boosted its position in Netflix by 113.0% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,963 shares of the Internet television network's stock valued at $2,641,000 after buying an additional 1,572 shares during the period. Waterfront Wealth Inc. grew its holdings in Netflix by 2.3% in the 4th quarter. Waterfront Wealth Inc. now owns 2,092 shares of the Internet television network's stock worth $1,865,000 after acquiring an additional 47 shares during the last quarter. Finally, One Day In July LLC purchased a new position in shares of Netflix in the fourth quarter valued at about $258,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Rosenblatt Securities raised Netflix from a "neutral" rating to a "buy" rating and upped their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Needham & Company LLC boosted their price target on Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. UBS Group upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Evercore ISI lifted their target price on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,021.70.

Netflix Stock Down 2.1 %

NASDAQ NFLX traded down $21.39 during trading on Friday, reaching $1,003.15. 3,730,394 shares of the company's stock were exchanged, compared to its average volume of 4,138,945. The company has a 50 day moving average price of $938.86 and a two-hundred day moving average price of $815.63. 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 stock has a market cap of $429.11 billion, a P/E ratio of 50.59, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.11 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David A. Hyman sold 41,121 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company's stock, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock valued at $289,856,164 over the last ninety days. 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.