TBH Global Asset Management LLC Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

TBH Global Asset Management LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 506 shares of the Internet television network's stock after selling 280 shares during the period. TBH Global Asset Management LLC's holdings in Netflix were worth $451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Enzi Wealth raised its holdings in shares of Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. boosted its position in shares of Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after acquiring an additional 11 shares in the last quarter. Blossom Wealth Management boosted its position in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network's stock worth $1,112,000 after acquiring an additional 11 shares in the last quarter. Everett Harris & Co. CA boosted its position in shares of Netflix by 1.3% during the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network's stock worth $775,000 after acquiring an additional 11 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in shares of Netflix by 0.9% during the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network's stock worth $1,145,000 after acquiring an additional 11 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock valued at $289,856,164 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Needham & Company LLC raised their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Netflix Stock Down 2.4 %

NFLX stock traded down $24.28 during trading on Friday, hitting $1,000.27. 2,695,651 shares of the stock traded hands, compared to its average volume of 4,103,394. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm's 50 day moving average is $938.86 and its two-hundred day moving average is $815.63. The stock has a market cap of $427.87 billion, a price-to-earnings ratio of 50.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27. 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 announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $2.11 EPS. Netflix's revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.