Royal Fund Management LLC Sells 189 Shares of Netflix, Inc. (NASDAQ:NFLX)

Royal Fund Management LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 37.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 311 shares of the Internet television network’s stock after selling 189 shares during the quarter. Royal Fund Management LLC’s holdings in Netflix were worth $277,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 worth $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the third quarter valued at $37,000. FSA Wealth Management LLC bought a new position in Netflix during the third quarter valued at $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix in the 3rd quarter worth $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NFLX. JPMorgan Chase & Co. decreased their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Guggenheim upped their price objective on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Jefferies Financial Group lifted their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Pivotal Research increased their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Trading Up 1.3 %

Shares of NASDAQ NFLX opened at $869.68 on Wednesday. Netflix, Inc. has a 1-year low of $479.90 and a 1-year high of $941.75. The business has a fifty day moving average price of $885.64 and a 200 day moving average price of $760.81. The stock has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a price-to-earnings-growth ratio of 1.40 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.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the prior year, the firm posted $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post 19.76 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 over the last three months. Corporate 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.