Netflix, Inc. (NASDAQ:NFLX) Stake Trimmed by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,591 shares of the Internet television network’s stock after selling 3,363 shares during the period. Netflix makes up approximately 2.6% of Motley Fool Wealth Management LLC’s portfolio, making the stock its 7th largest position. Motley Fool Wealth Management LLC’s holdings in Netflix were worth $50,595,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NFLX. Financial Engines Advisors L.L.C. boosted its holdings in Netflix by 0.4% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 5,670 shares of the Internet television network’s stock valued at $5,054,000 after purchasing an additional 25 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of Netflix in the 4th quarter valued at about $185,000. Momentous Wealth Management Inc. acquired a new position in shares of Netflix during the fourth quarter worth about $245,000. Florida Financial Advisors LLC increased its stake in shares of Netflix by 24.2% during the fourth quarter. Florida Financial Advisors LLC now owns 1,262 shares of the Internet television network’s stock worth $1,125,000 after buying an additional 246 shares during the period. Finally, Potentia Wealth acquired a new stake in Netflix in the fourth quarter valued at approximately $382,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $997.28 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a market capitalization of $426.59 billion, a P/E ratio of 50.29, a PEG ratio of 2.12 and a beta of 1.38. The company’s fifty day moving average is $965.09 and its two-hundred day moving average is $863.43.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 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 firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock worth $279,142,041 in the last quarter. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Moffett Nathanson raised Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $850.00 to $1,100.00 in a research report on Monday, March 17th. The Goldman Sachs Group raised their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Pivotal Research upped their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,016.78.

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.