PFG Investments LLC Sells 106 Shares of Netflix, Inc. (NASDAQ:NFLX)

PFG Investments LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,931 shares of the Internet television network’s stock after selling 106 shares during the period. PFG Investments LLC’s holdings in Netflix were worth $5,286,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NFLX. Stonehage Fleming Financial Services Holdings Ltd raised its position in Netflix by 74,206.2% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 167,189 shares of the Internet television network’s stock worth $149,019,000 after acquiring an additional 166,964 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 285.4% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 185 shares of the Internet television network’s stock worth $165,000 after acquiring an additional 137 shares during the period. M3 Advisory Group LLC increased its holdings in Netflix by 2.0% during the 4th quarter. M3 Advisory Group LLC now owns 753 shares of the Internet television network’s stock worth $671,000 after acquiring an additional 15 shares during the period. Clarendon Private LLC bought a new stake in Netflix during the 4th quarter worth approximately $664,000. Finally, Marshall Financial Group LLC increased its holdings in Netflix by 4.5% during the 4th quarter. Marshall Financial Group LLC now owns 3,436 shares of the Internet television network’s stock worth $3,063,000 after acquiring an additional 147 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. UBS Group upped their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research note on Thursday. Finally, Oppenheimer increased their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the transaction, the chairman now owns 85 shares in the company, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock valued at $123,913,691 in the last three months. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $977.59 on Monday. The firm has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 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 $767.55. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00.

Netflix (NASDAQ:NFLX) 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. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.11 EPS. Sell-side analysts expect that Netflix, Inc. will post 23.72 EPS for the current year.

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.