Baxter Bros Inc. Sells 97 Shares of Netflix, Inc. (NASDAQ:NFLX)

Baxter Bros Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,005 shares of the Internet television network’s stock after selling 97 shares during the period. Netflix makes up about 1.4% of Baxter Bros Inc.’s investment portfolio, making the stock its 19th largest holding. Baxter Bros Inc.’s holdings in Netflix were worth $10,700,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Potentia Wealth bought a new position in shares of Netflix in the 4th quarter valued at about $382,000. PKS Advisory Services LLC purchased a new position in Netflix during the fourth quarter valued at approximately $398,000. Prestige Wealth Management Group LLC lifted its stake in shares of Netflix by 16.3% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,250 shares of the Internet television network’s stock worth $2,005,000 after purchasing an additional 316 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in shares of Netflix by 8.3% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 562 shares of the Internet television network’s stock worth $501,000 after buying an additional 43 shares during the last quarter. Finally, First American Trust FSB acquired a new stake in shares of Netflix in the 4th quarter worth $210,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling 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 transaction, the director now owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock worth $279,142,041 over the last 90 days. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX opened at $971.99 on Tuesday. The business has a fifty day simple moving average of $961.71 and a 200-day simple moving average of $861.09. The firm has a market cap of $415.78 billion, a PE ratio of 49.02, a P/E/G ratio of 2.12 and a beta of 1.38. 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, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Loop Capital upped their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Pivotal Research upped their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and raised their target price for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Wedbush reissued an “outperform” rating and set a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,016.78.

Netflix Company 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.