Moloney Securities Asset Management LLC Has $446,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Moloney Securities Asset Management LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 54.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 500 shares of the Internet television network’s stock after selling 596 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Netflix were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in 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 acquiring an additional 42 shares in the last quarter. Newton One Investments LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $34,000. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC acquired a new stake in Netflix during the 3rd quarter valued at $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 1.3 %

Shares of Netflix stock opened at $1,027.60 on Tuesday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,032.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $439.57 billion, a P/E ratio of 51.82, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The business has a 50-day moving average of $917.36 and a two-hundred day moving average of $792.29.

Netflix (NASDAQ:NFLX) last announced its 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company posted $2.11 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,434 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,144,250. This trade represents a 25.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 298,870 shares of company stock worth $285,287,314 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Evercore ISI increased their target price on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. TD Cowen increased their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Macquarie boosted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Guggenheim increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and raised their price target for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix 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.