Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Lipe & Dalton

Lipe & Dalton reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140 shares of the Internet television network’s stock after selling 50 shares during the period. Lipe & Dalton’s holdings in Netflix were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of NFLX. AMF Tjanstepension AB lifted its position in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares in the last quarter. Swedbank AB lifted its holdings in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Netflix by 17.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 634 shares of the Internet television network’s stock worth $450,000 after purchasing an additional 92 shares during the last quarter. Grimes & Company Inc. grew its holdings in shares of Netflix by 8.5% during the third quarter. Grimes & Company Inc. now owns 345 shares of the Internet television network’s stock worth $245,000 after buying an additional 27 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its position in shares of Netflix by 10.0% in the third quarter. Global Trust Asset Management LLC now owns 768 shares of the Internet television network’s stock valued at $545,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,726,322.87. This trade represents a 15.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 303,220 shares of company stock valued at $289,856,164. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,003.15 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock has a 50-day simple moving average of $940.55 and a 200 day simple moving average of $818.44. The stock has a market capitalization of $429.11 billion, a PE ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating 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 period in the prior year, the company posted $2.11 earnings per share. Netflix’s revenue was up 16.0% on a year-over-year basis. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Loop Capital increased their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective 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. Robert W. Baird upped their target price 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 upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.