Strengthening Families & Communities LLC Sells 11 Shares of Netflix, Inc. (NASDAQ:NFLX)

Strengthening Families & Communities LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,295 shares of the Internet television network’s stock after selling 11 shares during the period. Strengthening Families & Communities LLC’s holdings in Netflix were worth $1,154,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Axecap Investments LLC bought a new stake in Netflix in the fourth quarter worth $2,517,000. Stonebridge Financial Group LLC bought a new stake in shares of Netflix in the 4th quarter valued at about $709,000. Core Alternative Capital boosted its holdings in Netflix by 30.0% during the 4th quarter. Core Alternative Capital now owns 65 shares of the Internet television network’s stock valued at $58,000 after acquiring an additional 15 shares during the period. Essex Financial Services Inc. boosted its holdings in Netflix by 0.9% during the 4th quarter. Essex Financial Services Inc. now owns 2,062 shares of the Internet television network’s stock valued at $1,838,000 after acquiring an additional 18 shares during the period. Finally, Mill Creek Capital Advisors LLC bought a new position in Netflix during the 4th quarter worth approximately $276,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,434 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,144,250. This represents a 25.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 298,870 shares of company stock valued at $285,287,314. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $1,027.60 on Tuesday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,032.85. The firm’s 50-day moving average is $917.36 and its 200 day moving average is $792.29. The stock has a market cap of $439.57 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. KeyCorp increased their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Argus upped their price objective 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. Finally, Macquarie raised their target price on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

About Netflix

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.