Eads & Heald Wealth Management Sells 53 Shares of Netflix, Inc. (NASDAQ:NFLX)

Eads & Heald Wealth Management decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,305 shares of the Internet television network’s stock after selling 53 shares during the period. Netflix comprises about 1.4% of Eads & Heald Wealth Management’s holdings, making the stock its 13th biggest position. Eads & Heald Wealth Management’s holdings in Netflix were worth $2,946,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. XML Financial LLC lifted its stake in Netflix by 7.1% in the 4th quarter. XML Financial LLC now owns 330 shares of the Internet television network’s stock worth $294,000 after purchasing an additional 22 shares in the last quarter. Genesis Private Wealth LLC bought a new stake in shares of Netflix in the fourth quarter worth about $306,000. Simon Quick Advisors LLC lifted its position in shares of Netflix by 0.4% in the fourth quarter. Simon Quick Advisors LLC now owns 5,705 shares of the Internet television network’s stock worth $5,085,000 after buying an additional 23 shares in the last quarter. Bourgeon Capital Management LLC bought a new position in Netflix during the fourth quarter valued at approximately $1,190,000. Finally, Mirabaud & Cie SA purchased a new position in Netflix during the 4th quarter valued at approximately $825,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $869.68 on Wednesday. Netflix, Inc. has a 1-year low of $479.90 and a 1-year high of $941.75. The business has a 50-day moving average price of $885.64 and a 200 day moving average price of $760.81. The company has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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 20.70% and a return on equity of 35.86%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 19.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NFLX shares. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Pivotal Research upped their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. KeyCorp lifted their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Argus upped their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $845.06.

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.