TCI Wealth Advisors Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130 shares of the Internet television network’s stock after selling 59 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Netflix were worth $35,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Investment Advisors LLC lifted its holdings in Netflix by 12.4% during the 4th quarter. Capital Investment Advisors LLC now owns 1,088 shares of the Internet television network’s stock worth $291,000 after buying an additional 120 shares during the last quarter. Central Bank & Trust Co. lifted its holdings in shares of Netflix by 1,178.1% in the 4th quarter. Central Bank & Trust Co. now owns 7,132 shares of the Internet television network’s stock worth $1,909,000 after purchasing an additional 6,574 shares during the last quarter. Alpha Windward LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $77,000. Cooper Financial Group bought a new stake in shares of Netflix in the 4th quarter worth approximately $526,000. Finally, Vanguard Capital Wealth Advisors lifted its holdings in shares of Netflix by 143.8% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 2,255 shares of the Internet television network’s stock worth $603,000 after purchasing an additional 1,330 shares during the last quarter. Hedge funds and other institutional investors own 73.97% of the company’s stock.
Several analysts recently issued reports on the company. Imperial Capital reissued an “outperform” rating and issued a $463.00 price target (up previously from $459.00) on shares of Netflix in a report on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $451.00 target price (up previously from $421.00) on shares of Netflix in a research note on Friday. UBS Group reaffirmed a “buy” rating and set a $420.00 target price (up previously from $410.00) on shares of Netflix in a research note on Friday. Canaccord Genuity lifted their target price on Netflix from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Friday. Finally, BidaskClub raised Netflix from a “hold” rating to a “buy” rating in a research note on Wednesday. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. Netflix presently has an average rating of “Buy” and an average target price of $372.69.
In related news, CEO Reed Hastings sold 105,868 shares of Netflix stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $328.75, for a total transaction of $34,804,105.00. Following the completion of the sale, the chief executive officer now owns 105,868 shares of the company’s stock, valued at $34,804,105. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kelly Bennett sold 14,000 shares of Netflix stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $300.00, for a total value of $4,200,000.00. Following the sale, the insider now directly owns 1,057 shares of the company’s stock, valued at approximately $317,100. The disclosure for this sale can be found here. Insiders have sold 269,351 shares of company stock worth $77,728,798 in the last quarter. 4.29% of the stock is currently owned by corporate insiders.
Shares of NFLX stock opened at $339.10 on Friday. Netflix, Inc. has a 1-year low of $218.50 and a 1-year high of $423.21. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66. The firm has a market cap of $154.02 billion, a PE ratio of 131.79, a price-to-earnings-growth ratio of 2.89 and a beta of 1.12.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Netflix had a return on equity of 26.86% and a net margin of 7.67%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. Netflix’s revenue for the quarter was up 27.4% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix, Inc. will post 4.07 EPS for the current year.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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