Premier Path Wealth Partners LLC Sells 31 Shares of Netflix, Inc. (NASDAQ:NFLX)

Premier Path Wealth Partners LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,427 shares of the Internet television network’s stock after selling 31 shares during the period. Premier Path Wealth Partners LLC’s holdings in Netflix were worth $3,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Netflix by 55.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock valued at $1,050,000 after acquiring an additional 553 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its position in Netflix by 187.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 440 shares of the Internet television network’s stock valued at $297,000 after purchasing an additional 287 shares during the last quarter. ProVise Management Group LLC boosted its stake in shares of Netflix by 29.3% during the second quarter. ProVise Management Group LLC now owns 508 shares of the Internet television network’s stock valued at $343,000 after purchasing an additional 115 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Netflix by 15.3% during the second quarter. Ieq Capital LLC now owns 53,677 shares of the Internet television network’s stock worth $36,226,000 after purchasing an additional 7,119 shares during the last quarter. Finally, Trust Investment Advisors acquired a new position in shares of Netflix in the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. This represents a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the 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 completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 1.9 %

Shares of NASDAQ:NFLX opened at $858.10 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. The stock’s 50-day simple moving average is $883.32 and its two-hundred day simple moving average is $757.20. Netflix, Inc. has a 52-week low of $476.06 and a 52-week high of $941.75.

Netflix (NASDAQ:NFLX) last announced its 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 analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NFLX shares. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. KeyCorp upped their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Argus boosted their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Finally, Barclays boosted their price target on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $845.06.

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.