Better Money Decisions LLC Reduces Holdings in Netflix, Inc. (NASDAQ:NFLX)

Better Money Decisions LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 14.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 677 shares of the Internet television network’s stock after selling 116 shares during the quarter. Better Money Decisions LLC’s holdings in Netflix were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FSM Wealth Advisors LLC purchased a new position in shares of Netflix in the fourth quarter worth $231,000. HHM Wealth Advisors LLC lifted its holdings in shares of Netflix by 117.6% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,360 shares of the Internet television network’s stock worth $1,212,000 after buying an additional 735 shares in the last quarter. CFM Wealth Partners LLC lifted its holdings in shares of Netflix by 16.2% in the fourth quarter. CFM Wealth Partners LLC now owns 5,114 shares of the Internet television network’s stock worth $4,558,000 after buying an additional 713 shares in the last quarter. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Netflix by 5.8% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 492 shares of the Internet television network’s stock worth $439,000 after buying an additional 27 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. increased its position in Netflix by 3.8% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,605 shares of the Internet television network’s stock valued at $2,322,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $976.76 on Monday. The company has a market cap of $417.82 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50-day moving average of $904.67 and a two-hundred day moving average of $778.61. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,516 shares of company stock worth $92,377,637. 1.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. TD Cowen boosted their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Bank of America boosted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Loop Capital boosted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.