Netflix, Inc. (NASDAQ:NFLX) Shares Sold by MCF Advisors LLC

MCF Advisors LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,178 shares of the Internet television network’s stock after selling 14 shares during the quarter. MCF Advisors LLC’s holdings in Netflix were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% in 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 last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the 4th quarter worth approximately $43,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in Netflix during the third quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NFLX shares. Macquarie increased their price objective on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Pivotal Research increased their price target on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Argus raised their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Jefferies Financial Group boosted their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $845.06.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock valued at $127,616,898 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NASDAQ NFLX opened at $869.68 on Wednesday. The company has a market cap of $371.75 billion, a P/E ratio of 49.22, a P/E/G ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a 1 year low of $479.90 and a 1 year high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $885.64 and a 200 day simple moving average of $760.81.

Netflix (NASDAQ:NFLX) last released its quarterly 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. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 19.76 EPS for the current year.

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.