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

Parkside Advisors LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 613 shares of the Internet television network’s stock after selling 139 shares during the quarter. Parkside Advisors LLC’s holdings in Netflix were worth $546,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the third quarter valued at $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.4 %

Netflix stock traded down $3.46 during trading on Monday, hitting $834.23. The company had a trading volume of 1,136,667 shares, compared to its average volume of 2,786,353. The stock has a market cap of $356.60 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75. The company’s 50 day simple moving average is $878.06 and its 200-day simple moving average is $753.78.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.77 billion. As a group, analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 over the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Canaccord Genuity Group upped their price objective on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Rosenblatt Securities raised their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Argus upped their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Loop Capital cut Netflix from a “buy” rating to a “hold” rating and raised their target price for the company from $800.00 to $950.00 in a research report on Monday, December 16th. Finally, Citigroup upped their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $824.00.

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.