Larson Financial Group LLC Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Larson Financial Group LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,412 shares of the Internet television network’s stock after selling 50 shares during the quarter. Larson Financial Group LLC’s holdings in Netflix were worth $2,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Swedbank AB raised its position in shares of Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after acquiring an additional 8,024 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after acquiring an additional 198,148 shares in the last quarter. TFB Advisors LLC raised its position in shares of Netflix by 5.6% during the 3rd quarter. TFB Advisors LLC now owns 513 shares of the Internet television network’s stock worth $364,000 after acquiring an additional 27 shares in the last quarter. Summit Global Investments raised its position in shares of Netflix by 35.0% during the 3rd quarter. Summit Global Investments now owns 999 shares of the Internet television network’s stock worth $709,000 after acquiring an additional 259 shares in the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of Netflix by 11.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 622 shares of the Internet television network’s stock worth $441,000 after acquiring an additional 63 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NFLX shares. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Morgan Stanley lifted their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Guggenheim boosted their target price on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Oppenheimer boosted their target price on 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Down 1.7 %

NFLX opened at $891.11 on Friday. 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, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The business’s fifty day moving average is $950.26 and its two-hundred day moving average is $841.52. The company has a market cap of $381.18 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business earned $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In related news, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

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.