Netflix, Inc. (NASDAQ:NFLX) Position Decreased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,416 shares of the Internet television network's stock after selling 947 shares during the period. Beacon Pointe Advisors LLC's holdings in Netflix were worth $11,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NFLX. Principal Financial Group Inc. boosted its position in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock valued at $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. McIlrath & Eck LLC lifted its stake in Netflix by 13.8% during the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock valued at $175,000 after buying an additional 30 shares in the last quarter. Advisory Resource Group lifted its stake in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock valued at $1,238,000 after buying an additional 12 shares in the last quarter. Virtu Financial LLC lifted its stake in Netflix by 356.5% during the third quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock valued at $9,844,000 after buying an additional 10,839 shares in the last quarter. Finally, SOA Wealth Advisors LLC. lifted its stake in Netflix by 1.2% during the third quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network's stock valued at $1,075,000 after buying an additional 18 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,110.38 on Tuesday. The firm has a market cap of $472.55 billion, a price-to-earnings ratio of 55.99, a PEG ratio of 2.12 and a beta of 1.55. The company has a 50 day moving average of $957.26 and a 200-day moving average of $908.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,114.00.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the business posted $8.28 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share 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 that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,495 shares of company stock valued at $268,176,922 over the last quarter. Corporate insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NFLX. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Wolfe Research raised shares of 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, January 23rd. Rosenblatt Securities upped their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company upped their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,072.12.

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.

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