Netflix, Inc. (NASDAQ:NFLX) Stake Cut by NCP Inc.

NCP Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,108 shares of the Internet television network’s stock after selling 358 shares during the quarter. Netflix comprises about 4.6% of NCP Inc.’s portfolio, making the stock its 5th largest holding. NCP Inc.’s holdings in Netflix were worth $9,009,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFLX. Enzi Wealth increased its stake in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after buying an additional 11 shares in the last quarter. Everett Harris & Co. CA increased its position in Netflix by 1.3% in the 4th quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after acquiring an additional 11 shares during the period. Blossom Wealth Management raised its stake in Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after acquiring an additional 11 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in Netflix by 0.9% during the 4th quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock worth $1,145,000 after acquiring an additional 11 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 303,220 shares of company stock valued at $289,856,164. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $977.24 on Wednesday. The stock has a market capitalization of $418.02 billion, a P/E ratio of 49.28, a P/E/G ratio of 2.12 and a beta of 1.27. The business has a 50-day moving average of $943.06 and a two-hundred day moving average of $826.31. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Argus raised their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. UBS Group raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Pivotal Research increased their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Citigroup boosted their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-five 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 $1,021.70.

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.