Netflix, Inc. (NASDAQ:NFLX) Position Lessened by F M Investments LLC

F M Investments LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,460 shares of the Internet television network’s stock after selling 78 shares during the quarter. Netflix comprises about 2.1% of F M Investments LLC’s holdings, making the stock its 14th biggest position. F M Investments LLC’s holdings in Netflix were worth $3,632,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Netflix during the fourth quarter worth $1,340,000. Harbor Advisors LLC bought a new position in Netflix during the fourth quarter valued at about $243,000. Ellenbecker Investment Group bought a new position in Netflix during the fourth quarter valued at about $232,000. Linden Thomas Advisory Services LLC raised its holdings in Netflix by 3.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,432 shares of the Internet television network’s stock valued at $3,618,000 after buying an additional 238 shares in the last quarter. Finally, Community Bank & Trust Waco Texas bought a new position in Netflix during the fourth quarter valued at about $487,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NASDAQ NFLX traded up $23.15 during trading on Tuesday, reaching $577.75. 4,942,177 shares of the company traded hands, compared to its average volume of 4,517,395. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. The stock’s 50 day moving average price is $606.05 and its two-hundred day moving average price is $517.65. The company has a market cap of $248.95 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 1.49 and a beta of 1.22. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 17.13 EPS for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NFLX shares. The Goldman Sachs Group raised their target price on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Sanford C. Bernstein raised their target price on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday. BMO Capital Markets restated an “outperform” rating and set a $713.00 target price (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Loop Capital raised their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Barclays raised their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $630.58.

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.