Netflix, Inc. (NASDAQ:NFLX) Holdings Trimmed by Parcion Private Wealth LLC

Parcion Private Wealth LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,660 shares of the Internet television network's stock after selling 300 shares during the quarter. Parcion Private Wealth LLC's holdings in Netflix were worth $1,480,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Flossbach Von Storch SE lifted its stake in shares of Netflix by 1.3% during the fourth quarter. Flossbach Von Storch SE now owns 49,850 shares of the Internet television network's stock valued at $44,432,000 after buying an additional 638 shares during the period. Dash Acquisitions Inc. raised its holdings in Netflix by 9.8% in the 4th quarter. Dash Acquisitions Inc. now owns 314 shares of the Internet television network's stock valued at $305,000 after acquiring an additional 28 shares during the last quarter. Aspect Partners LLC lifted its stake in shares of Netflix by 49.4% during the 4th quarter. Aspect Partners LLC now owns 115 shares of the Internet television network's stock worth $103,000 after purchasing an additional 38 shares during the period. First Bank & Trust acquired a new stake in shares of Netflix during the fourth quarter worth $1,316,000. Finally, Concurrent Investment Advisors LLC grew its position in shares of Netflix by 34.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 11,959 shares of the Internet television network's stock valued at $10,659,000 after purchasing an additional 3,061 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NFLX shares. JPMorgan Chase & Co. increased their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Guggenheim increased their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. Citigroup increased their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Finally, UBS Group boosted their price objective 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. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX traded down $21.39 during mid-day trading on Friday, hitting $1,003.15. The stock had a trading volume of 3,695,353 shares, compared to its average volume of 4,110,222. 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 $429.11 billion, a PE ratio of 50.59, a PEG ratio of 2.16 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company's fifty day simple moving average is $938.86 and its two-hundred day simple moving average is $815.63.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating 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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 303,220 shares of company stock valued at $289,856,164. Insiders own 1.76% of the company's stock.

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.