Brookstone Capital Management Sells 94 Shares of Netflix, Inc. (NASDAQ:NFLX)

Brookstone Capital Management decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,392 shares of the Internet television network’s stock after selling 94 shares during the period. Brookstone Capital Management’s holdings in Netflix were worth $6,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services bought a new stake in Netflix in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. Sanford C. Bernstein lifted their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Loop Capital downgraded shares of Netflix from a “buy” rating to a “hold” rating and boosted their price target for the stock from $800.00 to $950.00 in a research note on Monday, December 16th. Bank of America raised their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Pivotal Research boosted their target price on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Macquarie raised their price target on Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $832.94.

Netflix Price Performance

NFLX opened at $840.29 on Tuesday. The firm has a market cap of $359.19 billion, a PE ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. The stock has a 50-day moving average price of $879.75 and a 200-day moving average price of $754.88. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. 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.