Meritas Wealth Management LLC Sells 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

Meritas Wealth Management LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 553 shares of the Internet television network’s stock after selling 20 shares during the period. Meritas Wealth Management LLC’s holdings in Netflix were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. acquired a new position in Netflix during the 4th quarter valued at about $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $858.10 on Monday. 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 business has a 50-day moving average of $884.58 and a 200-day moving average of $759.04. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm 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%. As a group, sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NFLX shares. Barclays raised their price objective on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a research note on Tuesday, January 14th. Oppenheimer decreased their price objective on Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Guggenheim increased their target price on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Argus upped their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

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.