Financial & Tax Architects LLC Has $1.54 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Financial & Tax Architects LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,729 shares of the Internet television network’s stock after selling 87 shares during the period. Financial & Tax Architects LLC’s holdings in Netflix were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Advisory Resource Group lifted its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after buying an additional 12 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in shares of Netflix by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after buying an additional 12 shares in the last quarter. Sunflower Bank N.A. lifted its position in shares of Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after buying an additional 12 shares in the last quarter. New World Advisors LLC lifted its position in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after buying an additional 14 shares in the last quarter. Finally, Trust Co. of Vermont lifted its position in shares of Netflix by 2.5% during the 4th quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock valued at $508,000 after buying an additional 14 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 1.9 %

NFLX stock traded up $15.73 during trading on Friday, reaching $858.10. 3,563,913 shares of the company traded hands, compared to its average volume of 2,297,633. Netflix, Inc. has a 12 month low of $476.06 and a 12 month high of $941.75. The business has a 50 day simple moving average of $883.32 and a 200 day simple moving average of $757.20. The company has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. 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 (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NFLX shares. JPMorgan Chase & Co. lowered their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Macquarie boosted their price target on Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. KeyCorp boosted their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Morgan Stanley boosted their price target on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Loop Capital lowered their price target on Netflix from $950.00 to $925.00 and set a “hold” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $845.06.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by corporate insiders.

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.