Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,692 shares of the Internet television network’s stock after selling 17 shares during the period. Capital Investment Advisory Services LLC’s holdings in Netflix were worth $1,508,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter worth $37,000. FSA Wealth Management LLC purchased a new position in Netflix in the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new position in Netflix in the 3rd quarter valued at about $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Argus upped their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

NASDAQ NFLX opened at $973.24 on Friday. The stock has a market capitalization of $416.31 billion, a P/E ratio of 49.08, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The business’s fifty day moving average is $901.54 and its two-hundred day moving average is $774.15. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $2.11 earnings per share. Netflix’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 1,278 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 105,516 shares of company stock valued at $92,377,637 over the last three months. 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.