Netflix, Inc. (NASDAQ:NFLX) Shares Sold by PSI Advisors LLC

PSI Advisors LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 409 shares of the Internet television network’s stock after selling 25 shares during the quarter. PSI Advisors LLC’s holdings in Netflix were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Thoroughbred Financial Services LLC grew its stake in Netflix by 99.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock worth $1,216,000 after buying an additional 897 shares during the last quarter. Redwood Wealth Management Group LLC acquired a new position in shares of Netflix during the second quarter valued at $145,000. Brown Brothers Harriman & Co. grew its position in shares of Netflix by 11.6% during the second quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock worth $2,795,000 after acquiring an additional 431 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Netflix in the 2nd quarter worth about $82,000. Finally, Angeles Investment Advisors LLC boosted its stake in Netflix by 19.3% during the 2nd quarter. Angeles Investment Advisors LLC now owns 1,099 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 178 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. The trade was a 1.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. KeyCorp raised their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Guggenheim lifted their target price on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research note on Monday. Rosenblatt Securities boosted their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Barclays reissued an “underweight” rating and set a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Finally, Canaccord Genuity Group upped their price objective on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $832.94.

Netflix Price Performance

NFLX opened at $840.29 on Tuesday. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $359.19 billion, a P/E ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. The stock has a fifty day moving average of $879.75 and a 200-day moving average of $754.88.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.