Netflix, Inc. (NASDAQ:NFLX) Stock Position Decreased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,544 shares of the Internet television network’s stock after selling 16 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Netflix were worth $6,724,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Enzi Wealth grew its stake in Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after purchasing an additional 11 shares in the last quarter. Everett Harris & Co. CA grew its stake in Netflix by 1.3% in the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after purchasing an additional 11 shares in the last quarter. Blossom Wealth Management lifted its position in shares of Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock worth $1,112,000 after buying an additional 11 shares during the last quarter. Finally, Beacon Financial Advisory LLC lifted its position in shares of Netflix by 0.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock worth $1,145,000 after buying an additional 11 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NFLX shares. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Oppenheimer upped their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Pivotal Research upped their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Robert W. Baird upped their price target on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock valued at $290,374,484 in the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 1.4 %

NASDAQ:NFLX opened at $1,058.60 on Friday. The stock’s fifty day moving average price is $926.92 and its two-hundred day moving average price is $801.02. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $452.83 billion, a price-to-earnings ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for 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%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.11 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.