Level Financial Advisors Sells 64 Shares of Netflix, Inc. (NASDAQ:NFLX)

Level Financial Advisors cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 581 shares of the Internet television network’s stock after selling 64 shares during the quarter. Level Financial Advisors’ holdings in Netflix were worth $353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. KFA Private Wealth Group LLC boosted its position in Netflix by 1.9% during the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in shares of Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares in the last quarter. Founders Financial Alliance LLC boosted its stake in Netflix by 2.4% in the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after buying an additional 18 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Netflix by 4.6% during the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after purchasing an additional 18 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after purchasing an additional 20 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.81, for a total value of $758,889.18. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,772,972.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,385 shares of company stock worth $44,469,351. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock traded up $2.93 on Thursday, reaching $682.51. The stock had a trading volume of 1,403,545 shares, compared to its average volume of 2,678,236. The stock has a market cap of $294.16 billion, a P/E ratio of 47.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $689.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50 day simple moving average of $635.90 and a 200 day simple moving average of $588.63.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the business posted $2.88 EPS. Equities research analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lifted their target price on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Wedbush reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Monday, May 20th. Citigroup boosted their price objective on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Morgan Stanley boosted their target price on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, Bank of America boosted their price objective on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $637.34.

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.