Eads & Heald Wealth Management Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Eads & Heald Wealth Management lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,305 shares of the Internet television network’s stock after selling 53 shares during the period. Netflix comprises about 1.4% of Eads & Heald Wealth Management’s investment portfolio, making the stock its 13th biggest holding. Eads & Heald Wealth Management’s holdings in Netflix were worth $2,946,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NFLX. XML Financial LLC lifted its stake in Netflix by 7.1% in the fourth quarter. XML Financial LLC now owns 330 shares of the Internet television network’s stock worth $294,000 after acquiring an additional 22 shares during the period. Genesis Private Wealth LLC purchased a new stake in shares of Netflix in the 4th quarter worth about $306,000. Simon Quick Advisors LLC boosted its stake in shares of Netflix by 0.4% during the 4th quarter. Simon Quick Advisors LLC now owns 5,705 shares of the Internet television network’s stock valued at $5,085,000 after purchasing an additional 23 shares in the last quarter. Bourgeon Capital Management LLC purchased a new position in shares of Netflix during the fourth quarter valued at about $1,190,000. Finally, Mirabaud & Cie SA bought a new position in Netflix in the fourth quarter worth about $825,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $869.68 on Wednesday. The company has a 50-day moving average price of $885.64 and a 200-day moving average price of $760.81. Netflix, Inc. has a 52 week low of $479.90 and a 52 week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $371.75 billion, a P/E ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the firm earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 19.76 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the sale, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,198 shares of company stock worth $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Rosenblatt Securities reiterated a “neutral” rating and set a $680.00 target price on shares of Netflix in a report on Thursday, January 16th. KeyCorp upped their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Needham & Company LLC boosted their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Citigroup increased their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Pivotal Research boosted their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $845.06.

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.