IHT Wealth Management LLC Has $4.60 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

IHT Wealth Management LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,158 shares of the Internet television network's stock after selling 625 shares during the period. IHT Wealth Management LLC's holdings in Netflix were worth $4,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NFLX. Principal Financial Group Inc. lifted its stake in shares of Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after acquiring an additional 198,148 shares in the last quarter. McIlrath & Eck LLC grew its holdings in Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock worth $175,000 after acquiring an additional 30 shares in the last quarter. Advisory Resource Group increased its position in shares of Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after purchasing an additional 12 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock valued at $9,844,000 after purchasing an additional 10,839 shares in the last quarter. Finally, SOA Wealth Advisors LLC. lifted its position in shares of Netflix by 1.2% during the third quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network's stock worth $1,075,000 after purchasing an additional 18 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Morgan Stanley raised their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on Netflix from $1,025.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Monday. KeyCorp raised their target price on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Stock Up 0.4 %

Shares of Netflix stock traded up $4.66 on Friday, hitting $1,101.53. 3,943,704 shares of the company traded hands, compared to its average volume of 3,711,134. Netflix, Inc. has a 12-month low of $544.25 and a 12-month high of $1,105.89. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $471.19 billion, a PE ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. The company has a 50-day moving average price of $954.61 and a 200 day moving average price of $901.03.

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

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 273,855 shares of company stock worth $267,474,816 in the last 90 days. 1.76% of the stock is owned by insiders.

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.