Petredis Investment Advisors LLC Sells 120 Shares of Netflix, Inc. (NASDAQ:NFLX)

Petredis Investment Advisors LLC reduced its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,935 shares of the Internet television network’s stock after selling 120 shares during the quarter. Netflix makes up 0.7% of Petredis Investment Advisors LLC’s portfolio, making the stock its 28th largest holding. Petredis Investment Advisors LLC’s holdings in Netflix were worth $7,073,000 at the end of the most recent quarter.

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

Netflix Trading Down 0.7 %

Shares of NFLX stock opened at $977.59 on Friday. The stock has a market capitalization of $417.88 billion, a PE ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The business has a 50-day moving average of $892.06 and a 200 day moving average of $764.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter last year, the business posted $2.11 EPS. The business’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $975.00 to $1,200.00 in a research report on Friday. The Goldman Sachs Group increased their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $715.00 to $900.00 in a research report on Wednesday. BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday. Finally, Seaport Res Ptn raised 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 given a strong buy rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,009.29.

Check Out Our Latest Stock Report on NFLX

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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