Lantz Financial LLC Sells 14 Shares of Netflix, Inc. (NASDAQ:NFLX)

Lantz Financial LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 460 shares of the Internet television network’s stock after selling 14 shares during the period. Lantz Financial LLC’s holdings in Netflix were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Linden Thomas Advisory Services LLC raised its holdings in shares of Netflix by 4.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,343 shares of the Internet television network’s stock valued at $5,654,000 after buying an additional 269 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of Netflix by 6.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 1,842 shares of the Internet television network’s stock worth $1,642,000 after acquiring an additional 111 shares in the last quarter. Legacy Wealth Management Inc purchased a new position in shares of Netflix during the fourth quarter worth approximately $217,000. Accel Wealth Management purchased a new stake in shares of Netflix in the 4th quarter valued at $219,000. Finally, Fifth Third Bancorp grew its holdings in shares of Netflix by 2.9% during the 4th quarter. Fifth Third Bancorp now owns 84,456 shares of the Internet television network’s stock valued at $75,277,000 after purchasing an additional 2,351 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $977.59 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. The business’s 50 day moving average price is $895.13 and its 200-day moving average price is $766.98. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00.

Netflix (NASDAQ:NFLX) last released 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 38.32% and a net margin of 22.34%. The business 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 company posted $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Evercore ISI boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Macquarie boosted their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday. Nine equities 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,009.29.

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.