Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 728 shares of the Internet television network’s stock after selling 40 shares during the period. Global Trust Asset Management LLC’s holdings in Netflix were worth $649,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in 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 valued at $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new stake in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the third quarter worth $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at $64,435.10. This trade represents a 99.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on 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 owns 246 shares in the company, valued at $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock worth $127,616,898 in the last quarter. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. Loop Capital cut their price objective on Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Citigroup raised their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. UBS Group upped their target price on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $952.30.

Netflix Price Performance

NFLX stock opened at $869.68 on Wednesday. The business has a 50 day simple moving average of $886.64 and a 200-day simple moving average of $762.07. The company has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a twelve month low of $479.90 and a twelve month high of $941.75. 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 (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the firm posted $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts anticipate that Netflix, Inc. will post 19.76 EPS for the current year.

Netflix Company 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.