Fortitude Advisory Group L.L.C. Has $335,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fortitude Advisory Group L.L.C. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376 shares of the Internet television network’s stock after selling 11 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Netflix were worth $335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Buffington Mohr McNeal acquired a new stake in Netflix during the fourth quarter worth approximately $202,000. Bay Rivers Group lifted its stake in shares of Netflix by 1.4% in the 4th quarter. Bay Rivers Group now owns 3,559 shares of the Internet television network’s stock valued at $3,172,000 after acquiring an additional 50 shares during the last quarter. Integrity Wealth Solutions LLC increased its holdings in Netflix by 38.4% in the 4th quarter. Integrity Wealth Solutions LLC now owns 717 shares of the Internet television network’s stock worth $639,000 after purchasing an additional 199 shares in the last quarter. Nilsine Partners LLC raised its position in Netflix by 11.2% in the fourth quarter. Nilsine Partners LLC now owns 4,593 shares of the Internet television network’s stock valued at $4,094,000 after purchasing an additional 463 shares during the last quarter. Finally, Berkshire Bank bought a new stake in shares of Netflix during the fourth quarter worth about $292,000. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock valued at $123,913,691 over the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Robert W. Baird increased their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Trading Down 0.6 %

NASDAQ:NFLX opened at $971.89 on Tuesday. The company has a market cap of $415.44 billion, a PE ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The business’s 50 day moving average is $895.13 and its two-hundred day moving average is $768.18. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. 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 in the previous year, the firm earned $2.11 EPS. Netflix’s revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 23.72 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.