SJS Investment Consulting Inc. Sells 32 Shares of Netflix, Inc. (NASDAQ:NFLX)

SJS Investment Consulting Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191 shares of the Internet television network’s stock after selling 32 shares during the period. SJS Investment Consulting Inc.’s holdings in Netflix were worth $170,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the third quarter worth about $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter worth about $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix in the third quarter valued at approximately $40,000. 80.93% of the stock is owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock worth $123,913,691 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on NFLX. Robert W. Baird increased their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday. Evercore ISI upped their target price on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Needham & Company LLC lifted their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,009.29.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $977.59 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $895.13 and a 200-day moving average price of $766.98. The company has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the previous year, the business earned $2.11 EPS. Netflix’s revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 23.72 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.