RWA Wealth Partners LLC Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

RWA Wealth Partners LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,957 shares of the Internet television network's stock after selling 465 shares during the period. RWA Wealth Partners LLC's holdings in Netflix were worth $9,767,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NFLX. Norges Bank purchased a new position in shares of Netflix during the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC grew its position in Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after buying an additional 856,307 shares during the last quarter. State Street Corp lifted its holdings in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after buying an additional 426,740 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Netflix by 112,896.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock worth $340,420,000 after buying an additional 381,590 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

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Netflix Stock Down 0.1 %

Netflix stock traded down $1.32 during trading hours on Monday, reaching $932.53. The stock had a trading volume of 4,628,099 shares, compared to its average volume of 3,587,330. The company has a market cap of $398.90 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 2.12 and a beta of 1.38. The business's 50 day moving average price is $971.74 and its 200-day moving average price is $869.42. 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 current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 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 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 business posted $2.11 EPS. Netflix's revenue was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Needham & Company LLC increased their target price on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Robert W. Baird increased their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Arete Research raised shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.02.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction dated 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. Over the last 90 days, insiders sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by corporate insiders.

About Netflix

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.