YHB Investment Advisors Inc. Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

YHB Investment Advisors Inc. trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,038 shares of the Internet television network's stock after selling 530 shares during the quarter. YHB Investment Advisors Inc.'s holdings in Netflix were worth $4,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NFLX. Buffington Mohr McNeal purchased a new position in Netflix during the fourth quarter valued at approximately $202,000. Bay Rivers Group raised its holdings in shares of Netflix by 1.4% during the 4th quarter. Bay Rivers Group now owns 3,559 shares of the Internet television network's stock worth $3,172,000 after acquiring an additional 50 shares in the last quarter. Integrity Wealth Solutions LLC lifted its position in Netflix by 38.4% during the fourth quarter. Integrity Wealth Solutions LLC now owns 717 shares of the Internet television network's stock valued at $639,000 after purchasing an additional 199 shares during the last quarter. Nilsine Partners LLC grew its position in Netflix by 11.2% in the fourth quarter. Nilsine Partners LLC now owns 4,593 shares of the Internet television network's stock worth $4,094,000 after acquiring an additional 463 shares in the last quarter. Finally, Berkshire Bank bought a new stake in Netflix during the fourth quarter worth approximately $292,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.0 %

Shares of NFLX traded down $0.06 during trading on Tuesday, reaching $971.83. 3,405,230 shares of the company traded hands, compared to its average volume of 4,660,507. The stock has a 50-day simple moving average of $897.63 and a 200-day simple moving average of $770.43. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The stock has a market cap of $415.42 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. On average, analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on NFLX shares. Macquarie lifted 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. UBS Group boosted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Robert W. Baird lifted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.70.

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.