Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,099 shares of the Internet television network’s stock after selling 13 shares during the period. Valmark Advisers Inc.’s holdings in Netflix were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. AMF Tjanstepension AB raised its holdings in shares of Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Creative Planning raised its holdings in shares of Netflix by 10.8% in the 3rd quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock worth $78,410,000 after purchasing an additional 10,782 shares in the last quarter. Swedbank AB raised its holdings in shares of Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Netflix by 3.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 13,947 shares of the Internet television network’s stock worth $9,892,000 after purchasing an additional 512 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of Netflix by 0.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,269 shares of the Internet television network’s stock worth $3,028,000 after purchasing an additional 24 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

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 transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,809 shares of company stock valued at $290,374,484. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NFLX shares. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Wedbush restated an “outperform” rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Guggenheim boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, UBS Group boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten research 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, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 1.4 %

Shares of NASDAQ:NFLX opened at $1,058.60 on Monday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company’s 50-day moving average price is $929.40 and its two-hundred day moving average price is $805.29. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $452.83 billion, a P/E ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.