Advisory Resource Group Sells 237 Shares of Netflix, Inc. (NASDAQ:NFLX)

Advisory Resource Group decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,509 shares of the Internet television network’s stock after selling 237 shares during the period. Advisory Resource Group’s holdings in Netflix were worth $1,345,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% during 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 purchasing an additional 42 shares during the last quarter. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $34,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 299,517 shares of company stock valued at $285,805,037 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on NFLX shares. Oppenheimer boosted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,013.93 on Friday. The stock’s 50-day simple moving average is $917.36 and its 200 day simple moving average is $790.17. The firm has a market capitalization of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,027.76.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 business had revenue of $10.25 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $2.11 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.