Daymark Wealth Partners LLC Trims Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Daymark Wealth Partners LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 27.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,605 shares of the Internet television network’s stock after selling 620 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Netflix were worth $1,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of 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 buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the 3rd quarter worth $37,000. FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix in the 3rd quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. 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 over the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $953.99 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $407.79 billion, a price-to-earnings ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. Netflix, Inc. has a twelve month low of $481.40 and a twelve month high of $999.00. The business has a 50 day simple moving average of $886.64 and a 200-day simple moving average of $762.07.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts expect that Netflix, Inc. will post 23.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, KeyCorp raised their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $993.82.

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.