Warren Street Wealth Advisors LLC Trims Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Warren Street Wealth Advisors LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 776 shares of the Internet television network’s stock after selling 14 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Netflix were worth $692,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hidden Cove Wealth Management LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $382,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Netflix by 1,128.2% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 28,678 shares of the Internet television network’s stock valued at $25,561,000 after purchasing an additional 26,343 shares during the period. Clarity Capital Partners LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $345,000. Naples Global Advisors LLC lifted its position in shares of Netflix by 9.3% in the 4th quarter. Naples Global Advisors LLC now owns 692 shares of the Internet television network’s stock worth $617,000 after purchasing an additional 59 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Netflix by 14.8% during the fourth quarter. Van ECK Associates Corp now owns 92,250 shares of the Internet television network’s stock valued at $82,225,000 after purchasing an additional 11,886 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NFLX shares. Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Macquarie increased their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,027.31 on Thursday. 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 stock has a market capitalization of $439.44 billion, a price-to-earnings ratio of 51.81, a PEG ratio of 2.11 and a beta of 1.27. The firm’s 50 day simple moving average is $922.08 and its 200-day simple moving average is $797.72. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,032.85.

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

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock worth $290,374,484 in the last 90 days. Insiders own 1.76% of the company’s stock.

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.