Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Sandbox Financial Partners LLC

Sandbox Financial Partners LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 339 shares of the Internet television network’s stock after selling 39 shares during the quarter. Sandbox Financial Partners LLC’s holdings in Netflix were worth $302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in 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 worth $34,000 after purchasing an additional 42 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Netflix in the fourth quarter valued at about $43,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix during the 3rd quarter worth approximately $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $858.10 on Friday. Netflix, Inc. has a twelve month low of $476.06 and a twelve month 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 firm has a 50-day moving average of $884.58 and a two-hundred day moving average of $758.48. The company has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27.

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

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NFLX shares. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. TD Cowen lifted their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Barclays increased their price objective on shares of Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 14th. Finally, Citigroup upped their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

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.