Souders Financial Advisors Lowers Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Souders Financial Advisors trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,744 shares of the Internet television network’s stock after selling 134 shares during the quarter. Souders Financial Advisors’ holdings in Netflix were worth $1,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Cypress Capital Group lifted its stake in shares of Netflix by 15.9% during the 4th quarter. Cypress Capital Group now owns 2,807 shares of the Internet television network’s stock valued at $2,502,000 after buying an additional 385 shares in the last quarter. Keybank National Association OH raised its holdings in Netflix by 1.0% during the fourth quarter. Keybank National Association OH now owns 8,785 shares of the Internet television network’s stock valued at $7,830,000 after acquiring an additional 85 shares during the period. Ring Mountain Capital LLC purchased a new position in shares of Netflix in the fourth quarter valued at about $1,718,000. Exencial Wealth Advisors LLC boosted its stake in shares of Netflix by 3.0% in the fourth quarter. Exencial Wealth Advisors LLC now owns 1,496 shares of the Internet television network’s stock worth $1,334,000 after acquiring an additional 43 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Netflix by 2.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,513 shares of the Internet television network’s stock worth $6,696,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $972.58 on Wednesday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $949.77 and a two-hundred day simple moving average of $837.58. The stock has a market capitalization of $416.03 billion, a price-to-earnings ratio of 49.05, a P/E/G ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 earnings per share. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on NFLX shares. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Macquarie lifted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 over the last ninety days. 1.76% of the stock is owned by company insiders.

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.