Prosperitas Financial LLC Sells 85 Shares of Netflix, Inc. (NASDAQ:NFLX)

Prosperitas Financial LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,922 shares of the Internet television network’s stock after selling 85 shares during the quarter. Netflix comprises approximately 2.7% of Prosperitas Financial LLC’s holdings, making the stock its 15th largest position. Prosperitas Financial LLC’s holdings in Netflix were worth $5,279,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB raised its stake in Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares during the last quarter. Swedbank AB grew its holdings in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the period. Oak Harvest Investment Services increased its position in Netflix by 1.9% in the third quarter. Oak Harvest Investment Services now owns 4,492 shares of the Internet television network’s stock worth $3,186,000 after buying an additional 84 shares in the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of Netflix by 17.4% in the third quarter. Cornerstone Wealth Group LLC now owns 1,492 shares of the Internet television network’s stock worth $1,058,000 after buying an additional 221 shares during the period. Finally, Financial Advocates Investment Management lifted its position in shares of Netflix by 1.8% during the 3rd quarter. Financial Advocates Investment Management now owns 4,021 shares of the Internet television network’s stock valued at $2,852,000 after buying an additional 72 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Argus upped their price target on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Down 2.7 %

Shares of NFLX opened at $963.07 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a market cap of $411.96 billion, a P/E ratio of 48.57, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $946.29 and its 200-day simple moving average is $828.40.

Netflix (NASDAQ:NFLX) last announced 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. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,380 shares of company stock worth $290,016,164. Insiders own 1.76% of the company’s stock.

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.