Wealthgarden F.S. LLC Trims Position in Netflix, Inc. (NASDAQ:NFLX)

Wealthgarden F.S. LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 82.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 682 shares of the Internet television network's stock after selling 3,156 shares during the period. Wealthgarden F.S. LLC's holdings in Netflix were worth $608,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at $25,000. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the 3rd quarter worth about $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company's stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock worth $289,856,164 over the last 90 days. Corporate insiders own 1.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on NFLX. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Guggenheim raised their target price on Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Wedbush restated an "outperform" rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Loop Capital raised their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.

Netflix Trading Down 2.1 %

Netflix stock traded down $21.39 during trading on Friday, hitting $1,003.15. The company had a trading volume of 3,730,394 shares, compared to its average volume of 3,484,255. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. 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 company's 50 day simple moving average is $940.55 and its 200-day simple moving average is $819.90. The stock has a market cap of $429.10 billion, a price-to-earnings ratio of 50.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 earnings per share. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.