Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 686 shares of the Internet television network’s stock after selling 92 shares during the quarter. Fourpath Capital Management LLC’s holdings in Netflix were worth $611,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% in 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 purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,710 shares of company stock worth $233,561,836 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NFLX has been the topic of a number of analyst reports. Oppenheimer increased their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Macquarie upped their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Argus upped their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Loop Capital lifted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Ten 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 data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Up 0.2 %

Shares of NASDAQ:NFLX opened at $978.94 on Tuesday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. 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 company has a market cap of $418.75 billion, a PE ratio of 49.37, a P/E/G ratio of 2.02 and a beta of 1.27. The company’s 50-day moving average price is $904.67 and its 200 day moving average price is $779.53.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.11 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share 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.