Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,895 shares of the Internet television network's stock after selling 944 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Netflix were worth $35,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. West Michigan Advisors LLC increased its stake in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. lifted its holdings in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC boosted its position in Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares during the period. Enzi Wealth increased its position in shares of Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after acquiring an additional 11 shares during the period. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock valued at $624,000 after acquiring an additional 11 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have commented on the company. Oppenheimer raised their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Argus increased their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. 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, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,021.02.

Netflix Price Performance

Shares of NFLX stock traded up $9.43 during mid-day trading on Thursday, hitting $980.08. 1,556,865 shares of the stock were exchanged, compared to its average volume of 3,483,078. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a fifty day moving average of $967.54 and a 200 day moving average of $864.18. The company has a market cap of $419.24 billion, a PE ratio of 49.68, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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, beating analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the business earned $2.11 earnings per share. The business's revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares of the company's stock, valued at $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock valued at $279,611,567 over the last ninety days. Corporate insiders own 1.76% of the company's stock.

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.