Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,003 shares of the Internet television network’s stock after selling 218 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Netflix were worth $1,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BayBridge Capital Group LLC acquired a new stake in Netflix during the fourth quarter worth $1,204,000. SageView Advisory Group LLC grew its stake in shares of Netflix by 245.0% in the fourth quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock valued at $1,527,000 after buying an additional 2,227 shares in the last quarter. AXS Investments LLC grew its stake in shares of Netflix by 5.9% in the fourth quarter. AXS Investments LLC now owns 13,332 shares of the Internet television network’s stock valued at $6,491,000 after buying an additional 742 shares in the last quarter. FineMark National Bank & Trust grew its stake in shares of Netflix by 35.2% in the fourth quarter. FineMark National Bank & Trust now owns 3,552 shares of the Internet television network’s stock valued at $1,729,000 after buying an additional 925 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC grew its stake in shares of Netflix by 19,863.0% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 5,390 shares of the Internet television network’s stock valued at $2,624,000 after buying an additional 5,363 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Macquarie lifted their price objective on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $655.00 target price on shares of Netflix in a report on Wednesday, May 15th. Guggenheim lifted their price target on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $700.00 target price on shares of Netflix in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.53.

Check Out Our Latest Stock Report on NFLX

Insider Buying and Selling

In other Netflix news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at $15,443.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,039 shares of company stock valued at $46,401,083. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 2.3 %

Shares of NASDAQ:NFLX traded up $14.48 during trading on Friday, reaching $650.15. The stock had a trading volume of 1,632,914 shares, compared to its average volume of 4,227,159. The business has a fifty day moving average price of $606.78 and a 200-day moving average price of $547.45. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $280.21 billion, a P/E ratio of 45.13, a PEG ratio of 1.38 and a beta of 1.23. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $652.00.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

About Netflix

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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