Bartlett & CO. Wealth Management LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bartlett & CO. Wealth Management LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256 shares of the Internet television network’s stock after selling 12 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Netflix were worth $228,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Evolution Wealth Advisors LLC increased its holdings in Netflix by 13.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 582 shares of the Internet television network’s stock valued at $519,000 after buying an additional 67 shares during the period. Albion Financial Group UT increased its holdings in Netflix by 622.2% during the fourth quarter. Albion Financial Group UT now owns 65 shares of the Internet television network’s stock valued at $58,000 after buying an additional 56 shares during the period. Advisory Alpha LLC increased its holdings in Netflix by 9.0% during the fourth quarter. Advisory Alpha LLC now owns 2,051 shares of the Internet television network’s stock valued at $1,828,000 after buying an additional 170 shares during the period. West Branch Capital LLC increased its holdings in Netflix by 46.7% during the fourth quarter. West Branch Capital LLC now owns 2,038 shares of the Internet television network’s stock valued at $1,817,000 after buying an additional 649 shares during the period. Finally, XML Financial LLC increased its holdings in Netflix by 7.1% during the fourth quarter. XML Financial LLC now owns 330 shares of the Internet television network’s stock valued at $294,000 after buying an additional 22 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated 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 sale, the director now owns 246 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was 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 valued at $123,913,691 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $680.00 to $1,494.00 in a report on Wednesday. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday. Pivotal Research lifted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,009.29.

Netflix Trading Down 0.7 %

Shares of Netflix stock opened at $977.59 on Friday. The firm has a 50-day simple moving average of $892.06 and a two-hundred day simple moving average of $764.95. The company has a market cap of $417.88 billion, a P/E ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

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.