Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,383 shares of the Internet television network’s stock after selling 90 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Netflix were worth $1,233,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NFLX. Beacon Financial Advisory LLC grew its stake 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 acquiring an additional 11 shares in the last quarter. Adero Partners LLC boosted its holdings in Netflix by 47.4% in the fourth quarter. Adero Partners LLC now owns 1,268 shares of the Internet television network’s stock valued at $1,130,000 after purchasing an additional 408 shares during the period. Caitlin John LLC grew its stake in Netflix by 1.1% during the 4th quarter. Caitlin John LLC now owns 2,185 shares of the Internet television network’s stock worth $1,948,000 after purchasing an additional 24 shares in the last quarter. YANKCOM Partnership purchased a new stake in Netflix during the 4th quarter worth about $297,000. Finally, Bleakley Financial Group LLC raised its position in Netflix by 8.8% in the 4th quarter. Bleakley Financial Group LLC now owns 15,158 shares of the Internet television network’s stock valued at $13,510,000 after purchasing an additional 1,227 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 1.6 %

Shares of NASDAQ:NFLX opened at $1,011.11 on Thursday. The stock has a 50-day simple moving average of $909.38 and a 200-day simple moving average of $784.44. The stock has a market capitalization of $432.51 billion, a P/E ratio of 50.99, a PEG ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,011.83. 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 posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 291,585 shares of company stock valued at $277,777,833 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NFLX shares. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $1,100.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Robert W. Baird increased 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, Morgan Stanley raised their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.