Liberty Wealth Management LLC Reduces Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Liberty Wealth Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 525 shares of the Internet television network’s stock after selling 41 shares during the period. Liberty Wealth Management LLC’s holdings in Netflix were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth about $25,000. Newton One Investments LLC bought a new position in shares of Netflix in the fourth quarter worth about $34,000. Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC raised its stake in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 3.3 %

NFLX opened at $895.10 on Wednesday. The firm has a market cap of $382.89 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a fifty day moving average price of $949.66 and a 200-day moving average price of $845.26.

Netflix (NASDAQ:NFLX) last announced its earnings results 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 company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company posted $2.11 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NFLX shares. Pivotal Research raised their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Finally, Wedbush reissued an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten equities research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,014.26.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Company 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.