Netflix, Inc. (NASDAQ:NFLX) Stake Reduced by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,346 shares of the Internet television network's stock after selling 874 shares during the quarter. Farther Finance Advisors LLC's holdings in Netflix were worth $3,874,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NFLX. Swedbank AB raised its stake in Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network's stock valued at $329,958,000 after acquiring an additional 8,024 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Netflix by 13.3% during the third 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 during the period. Savvy Advisors Inc. raised its stake in shares of Netflix by 43.5% during the third quarter. Savvy Advisors Inc. now owns 953 shares of the Internet television network's stock valued at $676,000 after purchasing an additional 289 shares in the last quarter. Live Oak Investment Partners lifted its holdings in Netflix by 1.5% in the third quarter. Live Oak Investment Partners now owns 3,270 shares of the Internet television network's stock worth $2,319,000 after purchasing an additional 49 shares during the period. Finally, Future Fund LLC lifted its holdings in Netflix by 16.4% in the third quarter. Future Fund LLC now owns 2,258 shares of the Internet television network's stock worth $1,707,000 after purchasing an additional 318 shares during the period. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research analyst reports. Phillip Securities downgraded Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Bank of America upped their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Macquarie lifted their target price on Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Finally, Barclays upgraded shares of Netflix from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,014.26.

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Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction that occurred on 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 directly owns 12,950 shares of the company's stock, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 over the last ninety days. Company insiders own 1.76% of the company's stock.

Netflix Stock Up 2.7 %

NASDAQ NFLX opened at $919.68 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock has a market capitalization of $393.40 billion, a P/E ratio of 46.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock has a fifty day moving average of $950.23 and a 200-day moving average of $845.78.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.11 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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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