Wealth Alliance Sells 501 Shares of Netflix, Inc. (NASDAQ:NFLX)

Wealth Alliance decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,721 shares of the Internet television network’s stock after selling 501 shares during the quarter. Wealth Alliance’s holdings in Netflix were worth $2,299,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Signet Financial Management LLC bought a new position in Netflix in the fourth quarter worth $231,000. Marietta Wealth Management LLC raised its holdings in Netflix by 0.9% in the fourth quarter. Marietta Wealth Management LLC now owns 13,617 shares of the Internet television network’s stock worth $6,630,000 after purchasing an additional 125 shares in the last quarter. DGS Capital Management LLC raised its holdings in Netflix by 4.0% in the fourth quarter. DGS Capital Management LLC now owns 1,074 shares of the Internet television network’s stock worth $523,000 after purchasing an additional 41 shares in the last quarter. Prosperitas Financial LLC increased its holdings in shares of Netflix by 18.4% during the fourth quarter. Prosperitas Financial LLC now owns 5,990 shares of the Internet television network’s stock valued at $2,916,000 after acquiring an additional 931 shares in the last quarter. Finally, Eads & Heald Wealth Management increased its holdings in shares of Netflix by 167.0% during the fourth quarter. Eads & Heald Wealth Management now owns 1,594 shares of the Internet television network’s stock valued at $776,000 after acquiring an additional 997 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Citigroup raised their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Robert W. Baird raised their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Evercore ISI raised their price target on Netflix from $600.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, March 14th. Wedbush raised their price target on Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a report on Wednesday, March 27th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $603.48.

Netflix Stock Performance

Shares of NFLX stock traded up $12.64 during trading hours on Tuesday, reaching $619.79. 2,580,532 shares of the company traded hands, compared to its average volume of 4,240,831. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $268.22 billion, a P/E ratio of 51.70, a P/E/G ratio of 1.69 and a beta of 1.22. The firm has a 50-day moving average price of $602.41 and a 200 day moving average price of $508.76.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 17.02 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 47,000 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the sale, the director now owns 431,034 shares of the company’s stock, valued at approximately $237,284,217. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jay C. Hoag sold 47,000 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the sale, the director now owns 431,034 shares of the company’s stock, valued at approximately $237,284,217. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total value of $7,425,589.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,118,342. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is owned by company insiders.

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.