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

Navalign LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,623 shares of the Internet television network’s stock after selling 30 shares during the quarter. Navalign LLC’s holdings in Netflix were worth $1,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new position in shares of Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC increased its position in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares during the period. Evermay Wealth Management LLC increased its position in Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after buying an additional 56 shares during the period. Finally, Pacifica Partners Inc. purchased a new stake in Netflix in the fourth quarter valued at approximately $41,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Macquarie upgraded shares of Netflix from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $410.00 to $595.00 in a research report on Wednesday, January 24th. Wedbush increased their target price on shares of Netflix from $615.00 to $725.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America raised their price target on Netflix from $585.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. KeyCorp upped their price objective on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft downgraded Netflix from a “buy” rating to a “hold” rating and lifted their target price for the company from $460.00 to $525.00 in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $583.18.

Netflix Trading Down 1.0 %

Netflix stock traded down $6.20 during trading on Thursday, reaching $607.33. The company had a trading volume of 3,706,671 shares, compared to its average volume of 4,552,830. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $634.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50 day moving average price is $581.81 and its two-hundred day moving average price is $487.70. The firm has a market capitalization of $262.83 billion, a price-to-earnings ratio of 50.53, a PEG ratio of 1.71 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 17.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 273,767 shares of company stock valued at $151,298,232. Company insiders own 2.45% of the company’s stock.

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.