Paces Ferry Wealth Advisors LLC Sells 95 Shares of Netflix, Inc. (NASDAQ:NFLX)

Paces Ferry Wealth Advisors LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,253 shares of the Internet television network’s stock after selling 95 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Netflix were worth $1,117,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Samalin Investment Counsel LLC increased its holdings in Netflix by 2.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 498 shares of the Internet television network’s stock valued at $445,000 after purchasing an additional 11 shares during the period. Blueprint Investment Partners LLC raised its holdings in shares of Netflix by 13.2% during the fourth quarter. Blueprint Investment Partners LLC now owns 1,617 shares of the Internet television network’s stock valued at $1,441,000 after acquiring an additional 189 shares in the last quarter. Fortis Capital Management LLC raised its holdings in shares of Netflix by 0.5% during the fourth quarter. Fortis Capital Management LLC now owns 10,117 shares of the Internet television network’s stock valued at $9,017,000 after acquiring an additional 51 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Netflix in the fourth quarter worth $950,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Netflix during the 4th quarter valued at $154,377,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley raised their target price on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Guggenheim upped their price target on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Argus raised their price objective on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Stock Up 1.0 %

NFLX stock opened at $960.29 on Friday. The company has a market cap of $410.77 billion, a price-to-earnings ratio of 48.43, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business’s 50-day moving average is $959.08 and its two-hundred day moving average is $857.81. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

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

Insider Activity

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Tuesday, February 4th. 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 sold a total of 288,103 shares of company stock valued at $279,142,041 in the last 90 days. Company 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.