Larson Financial Group LLC Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Larson Financial Group LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 48.1% during the fourth quarter, HoldingsChannel reports. The firm owned 1,329 shares of the Internet television network’s stock after selling 1,230 shares during the period. Larson Financial Group LLC’s holdings in Netflix were worth $647,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NFLX. Authentikos Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix in the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC lifted its stake in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Netflix in the 4th quarter worth approximately $41,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,526,750. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. Insiders sold a total of 160,106 shares of company stock worth $92,729,716 over the last 90 days. Corporate insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price target on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. UBS Group lifted their price target on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Piper Sandler lifted their price target on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Loop Capital lifted their price target on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Performance

NASDAQ:NFLX opened at $577.75 on Wednesday. The company has a fifty day simple moving average of $606.05 and a two-hundred day simple moving average of $517.65. The company has a market cap of $248.95 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 17.87 earnings per share for the current fiscal year.

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.