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

Vestor Capital LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 98.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119 shares of the Internet television network’s stock after selling 7,078 shares during the period. Vestor Capital LLC’s holdings in Netflix were worth $58,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix during the third quarter valued at $26,000. Carmel Capital Partners LLC increased its position in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new position in Netflix in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $2.62 during trading hours on Thursday, hitting $612.09. The stock had a trading volume of 2,062,033 shares, compared to its average volume of 4,378,251. The stock’s fifty day simple moving average is $603.11 and its 200 day simple moving average is $532.16. The firm has a market capitalization of $263.79 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 1.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 1-year low of $329.51 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The stock was 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 directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix 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 transaction, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders have sold a total of 146,432 shares of company stock valued at $84,762,938 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Loop Capital lifted their target price on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Rosenblatt Securities reduced their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Bank of America raised their price objective on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Citigroup increased their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $631.15.

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.