Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,628 shares of the Internet television network’s stock after selling 19 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Netflix were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted 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 valued at $48,557,000 after buying an additional 4,701 shares during the period. Creative Planning lifted 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 valued at $78,410,000 after buying an additional 10,782 shares during the period. Swedbank AB lifted 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 valued at $329,958,000 after buying an additional 8,024 shares during the period. Secure Asset Management LLC lifted its holdings in shares of Netflix by 12.4% in the 3rd quarter. Secure Asset Management LLC now owns 1,003 shares of the Internet television network’s stock valued at $711,000 after buying an additional 111 shares during the period. Finally, Trust Co. of Vermont lifted its holdings in shares of Netflix by 5.7% in the 3rd quarter. Trust Co. of Vermont now owns 556 shares of the Internet television network’s stock valued at $394,000 after buying an additional 30 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold 303,809 shares of company stock valued at $290,374,484 over the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $1,058.60 on Friday. The stock has a 50-day moving average price of $929.40 and a two-hundred day moving average price of $804.02. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $452.83 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.