Aveo Capital Partners LLC Sells 28 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aveo Capital Partners LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 610 shares of the Internet television network’s stock after selling 28 shares during the period. Aveo Capital Partners LLC’s holdings in Netflix were worth $544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Empire Life Investments Inc. bought a new position in Netflix during the fourth quarter valued at approximately $1,899,000. Spinnaker Trust bought a new position in shares of Netflix in the fourth quarter worth approximately $223,000. Constant Guidance Financial LLC grew its holdings in shares of Netflix by 78.9% in the fourth quarter. Constant Guidance Financial LLC now owns 5,633 shares of the Internet television network’s stock worth $5,021,000 after purchasing an additional 2,485 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Netflix by 1.7% in the fourth quarter. Rhumbline Advisers now owns 804,795 shares of the Internet television network’s stock worth $717,330,000 after purchasing an additional 13,070 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in shares of Netflix by 60.0% in the fourth quarter. Center for Financial Planning Inc. now owns 640 shares of the Internet television network’s stock worth $570,000 after purchasing an additional 240 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NFLX opened at $1,058.60 on Friday. The stock has a 50-day moving average price of $929.40 and a 200-day moving average price of $804.02. 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 firm has a market cap of $452.83 billion, a PE ratio of 53.38, a P/E/G ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 EPS. Netflix’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,809 shares of company stock valued at $290,374,484. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Guggenheim raised their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Pivotal Research raised their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Oppenheimer lifted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.