Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Stamos Capital Partners L.P.

Stamos Capital Partners L.P. lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 74.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 560 shares of the Internet television network's stock after selling 1,600 shares during the period. Stamos Capital Partners L.P.'s holdings in Netflix were worth $499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter worth about $34,000. Pineridge Advisors LLC increased its stake in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after purchasing an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the 4th quarter valued at approximately $43,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 274,312 shares of company stock valued at $267,919,297 over the last ninety days. Company insiders own 1.76% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently issued reports on the company. Moffett Nathanson upgraded Netflix from a "neutral" rating to a "buy" rating and raised their price target for the stock from $850.00 to $1,100.00 in a research report on Monday, March 17th. Wedbush reaffirmed an "outperform" rating and set a $1,150.00 price target on shares of Netflix in a research note on Friday, April 11th. Macquarie raised their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Oppenheimer upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.31.

Netflix Stock Performance

NASDAQ NFLX traded down $14.65 during trading hours on Wednesday, reaching $961.63. The stock had a trading volume of 5,973,857 shares, compared to its average volume of 3,719,217. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. 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 $411.34 billion, a P/E ratio of 48.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The stock has a fifty day moving average of $957.71 and a 200 day moving average of $887.65.

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