Netflix, Inc. (NASDAQ:NFLX) Position Reduced by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 362 shares of the Internet television network’s stock after selling 43 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Netflix were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NFLX. TD Private Client Wealth LLC lifted its holdings in Netflix by 30.3% during the 4th quarter. TD Private Client Wealth LLC now owns 5,109 shares of the Internet television network’s stock worth $4,554,000 after buying an additional 1,188 shares during the last quarter. One Charles Private Wealth Services LLC acquired a new position in Netflix in the fourth quarter worth $260,000. Lee Danner & Bass Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $77,000. Truepoint Inc. bought a new position in shares of Netflix in the 4th quarter worth about $202,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Netflix in the 4th quarter valued at about $1,087,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NFLX shares. Macquarie raised their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Bank of America raised their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,016.78.

Netflix Stock Performance

NFLX opened at $960.29 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $410.77 billion, a PE ratio of 48.43, a P/E/G ratio of 2.12 and a beta of 1.38. The business has a fifty day simple moving average of $959.08 and a 200-day simple moving average of $856.54. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 over the last ninety days. Corporate 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.