Valmark Advisers Inc. Has $1.87 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Valmark Advisers Inc. reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,099 shares of the Internet television network’s stock after selling 13 shares during the period. Valmark Advisers Inc.’s holdings in Netflix were worth $1,871,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NFLX. AMF Tjanstepension AB raised its holdings in Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after buying an additional 4,701 shares during the period. Creative Planning raised its holdings in shares of Netflix by 10.8% in the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock valued at $78,410,000 after purchasing an additional 10,782 shares during the last quarter. Swedbank AB raised its holdings in shares of Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Netflix by 3.8% in the third quarter. Stratos Wealth Partners LTD. now owns 13,947 shares of the Internet television network’s stock valued at $9,892,000 after purchasing an additional 512 shares during the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of Netflix by 0.6% in the third quarter. Stratos Wealth Advisors LLC now owns 4,269 shares of the Internet television network’s stock valued at $3,028,000 after purchasing an additional 24 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Arete Research upgraded shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 685 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total value of $691,555.45. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,726,322.87. This trade represents a 15.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock valued at $290,374,484 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 1.4 %

Shares of Netflix stock opened at $1,058.60 on Monday. The firm has a 50-day moving average of $929.40 and a 200-day moving average of $805.29. The stock has a market cap of $452.83 billion, a PE ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.11 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.