Pinnacle Wealth Planning Services Inc. Has $2.17 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,437 shares of the Internet television network’s stock after selling 556 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Netflix were worth $2,172,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Ethos Financial Group LLC lifted its holdings in Netflix by 4.9% in the fourth quarter. Ethos Financial Group LLC now owns 472 shares of the Internet television network’s stock valued at $421,000 after buying an additional 22 shares during the period. Lindbrook Capital LLC lifted its holdings in Netflix by 1.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,030 shares of the Internet television network’s stock valued at $2,700,000 after buying an additional 51 shares during the period. McDonough Capital Management Inc lifted its holdings in Netflix by 0.9% in the fourth quarter. McDonough Capital Management Inc now owns 1,291 shares of the Internet television network’s stock valued at $1,151,000 after buying an additional 12 shares during the period. Vision Financial Markets LLC acquired a new position in Netflix in the fourth quarter valued at $78,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in Netflix by 1.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 26,953 shares of the Internet television network’s stock valued at $24,024,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock worth $279,142,041 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Stock Up 1.9 %

NFLX opened at $990.92 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 stock has a market cap of $423.87 billion, a price-to-earnings ratio of 49.97, a PEG ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company’s 50-day moving average price is $950.95 and its two-hundred day moving average price is $838.65.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm 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 company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Guggenheim lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Argus lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Citigroup lifted their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.