Netflix, Inc. (NASDAQ:NFLX) Position Cut by Mosaic Financial Group LLC

Mosaic Financial Group LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 255 shares of the Internet television network’s stock after selling 93 shares during the quarter. Mosaic Financial Group LLC’s holdings in Netflix were worth $228,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. HighPoint Advisor Group LLC grew its position in Netflix by 3.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 11,832 shares of the Internet television network’s stock worth $10,546,000 after purchasing an additional 380 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Netflix by 18.0% during the fourth quarter. Franklin Resources Inc. now owns 1,459,019 shares of the Internet television network’s stock worth $1,300,453,000 after buying an additional 222,480 shares during the period. Cannell & Spears LLC bought a new position in Netflix in the 4th quarter worth approximately $201,000. Hoey Investments Inc. increased its position in Netflix by 3.0% in the 4th quarter. Hoey Investments Inc. now owns 1,739 shares of the Internet television network’s stock valued at $1,550,000 after acquiring an additional 50 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock valued at $4,582,568,000 after acquiring an additional 82,564 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NFLX shares. UBS Group reissued a “buy” rating on shares of Netflix in a research note on Monday, March 10th. Pivotal Research increased their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their price objective for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, Citigroup raised their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.02.

Netflix Trading Down 0.1 %

Shares of NASDAQ:NFLX opened at $932.53 on Tuesday. The firm has a fifty day moving average of $973.23 and a two-hundred day moving average of $871.15. 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 12-month low of $542.01 and a 12-month high of $1,064.50. The firm has a market capitalization of $398.90 billion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 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 firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 41,121 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,583 shares of company stock worth $279,611,567. Insiders own 1.76% of the company’s stock.

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.