Rooted Wealth Advisors Inc. Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Rooted Wealth Advisors Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 552 shares of the Internet television network’s stock after selling 13 shares during the quarter. Rooted Wealth Advisors Inc.’s holdings in Netflix were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. AMF Tjanstepension AB boosted its position in shares of Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares during the period. Creative Planning lifted its stake in Netflix by 10.8% during the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock worth $78,410,000 after purchasing an additional 10,782 shares in the last quarter. Swedbank AB boosted its position in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares during the period. Transform Wealth LLC purchased a new position in shares of Netflix during the third quarter worth $628,000. Finally, Fulton Breakefield Broenniman LLC grew its stake in shares of Netflix by 16.6% in the third quarter. Fulton Breakefield Broenniman LLC now owns 15,808 shares of the Internet television network’s stock valued at $11,212,000 after buying an additional 2,252 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,809 shares of company stock valued at $290,374,484 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Stock Up 1.6 %

Shares of NASDAQ:NFLX opened at $1,043.69 on Friday. The stock has a market cap of $446.45 billion, a P/E ratio of 52.63, a P/E/G ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,045.99. The firm has a fifty day moving average price of $924.40 and a 200 day moving average price of $799.32. 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 (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the business earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research reports. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Wedbush reissued an “outperform” rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and upped their target price for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, Evercore ISI increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.