Ieq Capital LLC Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Ieq Capital LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,194 shares of the Internet television network’s stock after selling 101 shares during the period. Ieq Capital LLC’s holdings in Netflix were worth $50,087,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter valued at approximately $25,000. Newton One Investments LLC purchased a new stake in Netflix during the 4th quarter worth approximately $34,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFLX. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Wolfe Research raised 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 research report on Thursday, January 23rd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. 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. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction dated 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 approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,220 shares of company stock worth $289,856,164. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $1,043.33 on Thursday. 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 business’s 50-day moving average price is $936.88 and its 200 day moving average price is $814.17. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a market cap of $446.29 billion, a P/E ratio of 52.61, a PEG ratio of 2.19 and a beta of 1.27.

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