Netflix, Inc. (NASDAQ:NFLX) Stock Position Decreased by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,341 shares of the Internet television network’s stock after selling 280 shares during the period. Avior Wealth Management LLC’s holdings in Netflix were worth $3,869,000 at the end of the most recent quarter.

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

Netflix Price Performance

NASDAQ:NFLX opened at $953.99 on Thursday. The company has a market capitalization of $407.79 billion, a price-to-earnings ratio of 48.11, a PEG ratio of 1.41 and a beta of 1.27. The company has a 50-day moving average of $889.11 and a 200-day moving average of $763.41. Netflix, Inc. has a 52 week low of $481.40 and a 52 week high of $999.00. 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 earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a return on equity of 39.48% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 23.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares in the company, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday. Pivotal Research lifted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital increased their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the stock from $940.00 to $1,150.00 in a research note on Wednesday. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $996.94.

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.