Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 96,888 shares of the Internet television network’s stock after selling 4,360 shares during the period. Netflix makes up about 5.8% of Traynor Capital Management Inc.’s holdings, making the stock its 5th largest position. Traynor Capital Management Inc.’s holdings in Netflix were worth $86,358,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advisory Resource Group grew its stake in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the period. Insight Wealth Strategies LLC boosted its position in shares of Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after buying an additional 12 shares during the last quarter. Sunflower Bank N.A. boosted its position in shares of Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after buying an additional 12 shares during the last quarter. New World Advisors LLC boosted its position in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock worth $508,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $715.00 to $900.00 in a research note on Wednesday. Guggenheim boosted their target price on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC boosted their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $993.82.

Netflix Trading Up 9.7 %

Shares of NFLX stock opened at $953.99 on Thursday. Netflix, Inc. has a 12-month low of $481.40 and a 12-month high of $999.00. 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 stock’s 50-day moving average price is $886.64 and its 200-day moving average price is $762.07. The stock has a market capitalization of $407.79 billion, a price-to-earnings ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 analysts’ expectations of $10,141,900 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 23.43 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Company 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.