Affinity Capital Advisors LLC Sells 127 Shares of Netflix, Inc. (NASDAQ:NFLX)

Affinity Capital Advisors LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,770 shares of the Internet television network’s stock after selling 127 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Netflix were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 valued at $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter valued at about $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter valued at about $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix in the third quarter valued at about $40,000. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 1.4 %

NFLX opened at $828.40 on Wednesday. The company’s 50 day moving average is $881.04 and its 200-day moving average is $755.96. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $354.11 billion, a P/E ratio of 46.88, a PEG ratio of 1.77 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 24.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock worth $131,030,268 in the last ninety days. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NFLX shares. Sanford C. Bernstein increased their price objective on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Argus raised their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Wedbush reaffirmed an “outperform” rating and set a $950.00 price target (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Finally, Pivotal Research raised their price target on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $841.27.

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.