Mutual Advisors LLC Has $12.13 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Mutual Advisors LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,396 shares of the Internet television network’s stock after selling 327 shares during the quarter. Mutual Advisors LLC’s holdings in Netflix were worth $12,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Echo45 Advisors LLC bought a new stake in Netflix during the 4th quarter worth approximately $269,000. True North Advisors LLC increased its holdings in Netflix by 7.3% during the 4th quarter. True North Advisors LLC now owns 409 shares of the Internet television network’s stock worth $364,000 after purchasing an additional 28 shares in the last quarter. Independent Wealth Network Inc. raised its stake in shares of Netflix by 17.8% in the 4th quarter. Independent Wealth Network Inc. now owns 483 shares of the Internet television network’s stock valued at $431,000 after purchasing an additional 73 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Netflix by 12.1% during the fourth quarter. Wesbanco Bank Inc. now owns 10,062 shares of the Internet television network’s stock worth $8,968,000 after buying an additional 1,083 shares during the period. Finally, Evolution Wealth Advisors LLC grew its holdings in shares of Netflix by 13.0% during the fourth quarter. Evolution Wealth Advisors LLC now owns 582 shares of the Internet television network’s stock worth $519,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

NFLX stock opened at $953.99 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52-week low of $481.40 and a 52-week high of $999.00. The company has a market capitalization of $407.79 billion, a P/E ratio of 48.11, a PEG ratio of 1.41 and a beta of 1.27. The company has a fifty day moving average price of $889.11 and a 200-day moving average price of $763.41.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the previous year, the business earned $2.11 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 23.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Macquarie lifted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday. Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday. The Goldman Sachs Group boosted their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $993.82.

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.