Netflix, Inc. (NASDAQ:NFLX) Position Lessened by StrongBox Wealth LLC

StrongBox Wealth LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255 shares of the Internet television network’s stock after selling 149 shares during the quarter. StrongBox Wealth LLC’s holdings in Netflix were worth $227,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter worth approximately $37,000. FSA Wealth Management LLC bought a new stake in Netflix in the third quarter worth approximately $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 2.4 %

Shares of Netflix stock opened at $848.26 on Thursday. The firm has a market capitalization of $362.60 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average price is $881.04 and its two-hundred day moving average price is $755.96. Netflix, Inc. has a 52-week low of $475.26 and a 52-week high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock valued at $131,030,268 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NFLX shares. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Guggenheim upped their price target on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday. Barclays raised their price objective on Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday. The Goldman Sachs Group upped their target price on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $680.00 price target on shares of Netflix in a research report on Thursday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.82.

About Netflix

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.