Nvwm LLC Has $3.41 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Nvwm LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,009 shares of the Internet television network’s stock after selling 92 shares during the quarter. Netflix makes up about 1.0% of Nvwm LLC’s investment portfolio, making the stock its 20th biggest holding. Nvwm LLC’s holdings in Netflix were worth $3,413,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. KFA Private Wealth Group LLC increased its stake in shares of Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 18 shares in the last quarter. Addison Advisors LLC grew its position in Netflix by 7.8% in the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after purchasing an additional 20 shares during the period. Regent Peak Wealth Advisors LLC grew its position in Netflix by 1.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after purchasing an additional 21 shares during the period. Capital Advisors Ltd. LLC grew its position in Netflix by 5.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after purchasing an additional 22 shares during the period. Finally, Centurion Wealth Management LLC grew its position in Netflix by 2.4% in the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders have sold 78,039 shares of company stock worth $46,401,083 over the last ninety days. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NFLX shares. Jefferies Financial Group lifted their price target on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and cut their price objective for the stock from $720.00 to $585.00 in a report on Friday, April 19th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $585.00 price objective (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Get Our Latest Stock Report on NFLX

Netflix Price Performance

Shares of NFLX stock traded down $2.84 during trading on Wednesday, hitting $610.82. The company had a trading volume of 2,206,894 shares, compared to its average volume of 4,293,839. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average is $603.44 and its two-hundred day moving average is $538.87. The stock has a market capitalization of $263.26 billion, a price-to-earnings ratio of 42.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. Netflix, Inc. has a 52 week low of $329.61 and a 52 week high of $639.00.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the business earned $2.88 earnings per share. The business’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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