Beech Hill Advisors Inc. Has $4.84 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Beech Hill Advisors Inc. decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,429 shares of the Internet television network’s stock after selling 188 shares during the period. Netflix makes up 1.8% of Beech Hill Advisors Inc.’s holdings, making the stock its 16th biggest holding. Beech Hill Advisors Inc.’s holdings in Netflix were worth $4,839,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% in the 3rd 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. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC bought a new stake in Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the third quarter worth $40,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NFLX traded up $12.77 during midday trading on Thursday, hitting $861.03. The stock had a trading volume of 407,900 shares, compared to its average volume of 2,813,061. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The business has a fifty day moving average of $881.04 and a 200 day moving average of $755.96. The company has a market cap of $368.06 billion, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $9.77 billion. As a group, equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. This trade represents a 24.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. 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. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Rosenblatt Securities reiterated a “neutral” rating and set a $680.00 price objective on shares of Netflix in a report on Thursday. Sanford C. Bernstein raised their target price on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Bank of America upped their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group raised their price objective on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $845.82.

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.