Nvwm LLC Sells 744 Shares of Netflix, Inc. (NASDAQ:NFLX)

Nvwm LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,683 shares of the Internet television network's stock after selling 744 shares during the period. Netflix comprises about 1.3% of Nvwm LLC's investment portfolio, making the stock its 15th largest position. Nvwm LLC's holdings in Netflix were worth $5,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the 3rd quarter worth $37,000. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter worth $38,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $16.24 during mid-day trading on Wednesday, hitting $1,011.11. 3,992,539 shares of the company's stock traded hands, compared to its average volume of 4,524,439. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $909.38 and a two-hundred day moving average of $784.44. The firm has a market capitalization of $432.51 billion, a price-to-earnings ratio of 50.99, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,011.83.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The business's revenue was up 16.0% compared to the same quarter last year. 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 other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The disclosure for this sale can be found here. Insiders sold 281,026 shares of company stock valued at $267,211,135 in the last ninety days. Insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent analyst reports. Argus increased their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Needham & Company LLC lifted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Finally, Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average 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.