AIMZ Investment Advisors LLC Sells 40 Shares of Netflix, Inc. (NASDAQ:NFLX)

AIMZ Investment Advisors LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,073 shares of the Internet television network’s stock after selling 40 shares during the period. AIMZ Investment Advisors LLC’s holdings in Netflix were worth $1,848,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Fusion Capital LLC increased its holdings in Netflix by 1.9% in the 4th quarter. Fusion Capital LLC now owns 754 shares of the Internet television network’s stock worth $672,000 after purchasing an additional 14 shares in the last quarter. Fort Sheridan Advisors LLC grew its holdings in shares of Netflix by 15.6% during the fourth quarter. Fort Sheridan Advisors LLC now owns 742 shares of the Internet television network’s stock worth $661,000 after purchasing an additional 100 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in shares of Netflix by 7.1% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 750 shares of the Internet television network’s stock valued at $668,000 after buying an additional 50 shares during the period. QRG Capital Management Inc. raised its holdings in Netflix by 7.3% in the 4th quarter. QRG Capital Management Inc. now owns 95,563 shares of the Internet television network’s stock valued at $85,177,000 after buying an additional 6,518 shares during the last quarter. Finally, Brueske Advisory Services LLC acquired a new stake in Netflix during the 4th quarter worth approximately $934,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 2.7 %

NFLX opened at $963.07 on Friday. The firm has a market capitalization of $411.96 billion, a PE ratio of 48.57, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company’s 50-day moving average is $946.29 and its 200 day moving average is $828.40.

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

Insiders Place Their Bets

In related news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 303,380 shares of company stock valued at $290,016,164 in the last three months. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on NFLX shares. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Citigroup increased their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Oppenheimer increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Pivotal Research lifted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix 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.