Conscious Wealth Investments LLC Reduces Stake in Netflix, Inc. (NASDAQ:NFLX)

Conscious Wealth Investments LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,327 shares of the Internet television network’s stock after selling 198 shares during the period. Netflix comprises approximately 3.1% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 7th largest holding. Conscious Wealth Investments LLC’s holdings in Netflix were worth $4,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital Advisors Ltd. LLC raised its holdings in Netflix by 2.7% during the fourth quarter. Capital Advisors Ltd. LLC now owns 418 shares of the Internet television network’s stock worth $373,000 after acquiring an additional 11 shares in the last quarter. Colonial River Investments LLC raised its stake in Netflix by 2.7% in the fourth quarter. Colonial River Investments LLC now owns 1,943 shares of the Internet television network’s stock valued at $1,731,000 after buying an additional 52 shares during the period. World Equity Group Inc. raised its stake in Netflix by 48.6% in the fourth quarter. World Equity Group Inc. now owns 1,516 shares of the Internet television network’s stock valued at $1,351,000 after buying an additional 496 shares during the period. Delta Financial Group Inc. raised its stake in Netflix by 1.2% in the fourth quarter. Delta Financial Group Inc. now owns 1,246 shares of the Internet television network’s stock valued at $1,111,000 after buying an additional 15 shares during the period. Finally, MONECO Advisors LLC raised its stake in Netflix by 9.7% in the fourth quarter. MONECO Advisors LLC now owns 2,166 shares of the Internet television network’s stock valued at $1,931,000 after buying an additional 191 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Oppenheimer increased their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America increased their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the company’s 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 value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock valued at $289,856,164 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $1,003.15 on Monday. The stock has a 50-day moving average price of $940.55 and a 200-day moving average price of $821.37. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $429.10 billion, a PE ratio of 50.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27.

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

Netflix 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.