Guyasuta Investment Advisors Inc. Sells 19 Shares of Netflix, Inc. (NASDAQ:NFLX)

Guyasuta Investment Advisors Inc. decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,767 shares of the Internet television network’s stock after selling 19 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Netflix were worth $1,834,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC increased its position in shares of Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares in the last quarter. Northern Trust Corp increased its holdings in Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares in the last quarter. Clearbridge Investments LLC raised its position in Netflix by 5.3% in the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after buying an additional 139,165 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Netflix by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after purchasing an additional 14,364 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after buying an additional 2,061,859 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Pivotal Research boosted their price target on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Jefferies Financial Group raised their price objective on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. Benchmark reissued a “sell” rating and set a $440.00 target price on shares of Netflix in a report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price target on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Netflix Trading Down 0.6 %

Shares of NASDAQ:NFLX traded down $3.37 during trading on Monday, reaching $557.86. The stock had a trading volume of 1,341,723 shares, compared to its average volume of 4,477,721. The firm’s fifty day moving average is $604.54 and its 200 day moving average is $521.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The stock has a market cap of $240.38 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the company earned $2.88 EPS. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,573 shares of company stock worth $89,548,241. Insiders own 1.76% of the company’s stock.

Netflix Company 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.