Strategic Investment Advisors MI Reduces Stake in Netflix, Inc. (NASDAQ:NFLX)

Strategic Investment Advisors MI lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 671 shares of the Internet television network’s stock after selling 196 shares during the period. Strategic Investment Advisors MI’s holdings in Netflix were worth $598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC bought a new stake in Netflix in the second quarter worth about $416,000. Ascent Group LLC lifted its stake in Netflix by 9.8% in the second quarter. Ascent Group LLC now owns 5,421 shares of the Internet television network’s stock worth $3,659,000 after purchasing an additional 485 shares during the last quarter. Aviso Wealth Management lifted its stake in Netflix by 1.0% in the second quarter. Aviso Wealth Management now owns 11,325 shares of the Internet television network’s stock worth $7,643,000 after purchasing an additional 115 shares during the last quarter. Buck Wealth Strategies LLC bought a new stake in Netflix in the second quarter worth about $307,000. Finally, Creative Planning lifted its stake in Netflix by 4.4% in the second quarter. Creative Planning now owns 99,769 shares of the Internet television network’s stock worth $67,332,000 after purchasing an additional 4,175 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Pivotal Research raised their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Oppenheimer lifted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Loop Capital lifted their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock worth $123,913,691 over the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $977.59 on Monday. The firm has a market capitalization of $417.88 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company’s fifty day moving average price is $895.13 and its 200-day moving average price is $767.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 earnings per share. On average, equities research analysts predict that Netflix, Inc. will post 23.72 EPS for the current year.

About Netflix

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.