Netflix, Inc. (NASDAQ:NFLX) Shares Sold by PSI Advisors LLC

PSI Advisors LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 409 shares of the Internet television network’s stock after selling 25 shares during the quarter. PSI Advisors LLC’s holdings in Netflix were worth $365,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Thoroughbred Financial Services LLC grew its holdings in Netflix by 99.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock valued at $1,216,000 after buying an additional 897 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in shares of Netflix in the second quarter valued at $145,000. Brown Brothers Harriman & Co. boosted its stake in shares of Netflix by 11.6% during the second quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock valued at $2,795,000 after acquiring an additional 431 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Netflix during the 2nd quarter worth about $82,000. Finally, Angeles Investment Advisors LLC raised its stake in Netflix by 19.3% in the 2nd quarter. Angeles Investment Advisors LLC now owns 1,099 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 178 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the transaction, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. JPMorgan Chase & Co. cut their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday. Guggenheim boosted their price target on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a report on Monday. Wedbush restated an “outperform” rating and set a $950.00 price objective (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Finally, Wells Fargo & Company increased their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $832.94.

Netflix Stock Performance

NASDAQ:NFLX opened at $840.29 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average of $879.75 and a two-hundred day moving average of $754.88. The stock has a market cap of $359.19 billion, a P/E ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.