Barton Investment Management Sells 5,711 Shares of Netflix, Inc. (NASDAQ:NFLX)

Barton Investment Management trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 300,605 shares of the Internet television network’s stock after selling 5,711 shares during the period. Netflix comprises about 28.4% of Barton Investment Management’s investment portfolio, making the stock its biggest holding. Barton Investment Management’s holdings in Netflix were worth $267,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the 3rd quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 9,975 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,001.00, for a total transaction of $9,984,975.00. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $12,962,950. The trade was a 43.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 291,585 shares of company stock worth $277,777,833 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,011.11 on Thursday. The stock’s 50-day moving average price is $909.38 and its 200 day moving average price is $784.44. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,011.83. The stock has a market capitalization of $432.51 billion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during 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%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 EPS. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Robert W. Baird boosted their target price on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI increased their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.