Netflix, Inc. (NASDAQ:NFLX) Shares Sold by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,556 shares of the Internet television network’s stock after selling 658 shares during the period. Netflix accounts for about 1.0% of AAFMAA Wealth Management & Trust LLC’s holdings, making the stock its 27th largest position. AAFMAA Wealth Management & Trust LLC’s holdings in Netflix were worth $2,278,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Shares of NFLX stock opened at $840.29 on Tuesday. The company has a market capitalization of $359.19 billion, a P/E ratio of 47.55, a P/E/G 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 12 month low of $475.26 and a 12 month high of $941.75. The stock has a 50 day moving average of $879.75 and a two-hundred day moving average of $754.88.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Pivotal Research upped their target price on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday. Loop Capital downgraded shares of Netflix from a “buy” rating to a “hold” rating and upped their price target for the company from $800.00 to $950.00 in a report on Monday, December 16th. Needham & Company LLC raised their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $832.94.

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.