Netflix, Inc. (NASDAQ:NFLX) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,089 shares of the Internet television network’s stock after selling 3,719 shares during the quarter. Netflix accounts for 1.7% of ST Germain D J Co. Inc.’s holdings, making the stock its 10th biggest position. ST Germain D J Co. Inc.’s holdings in Netflix were worth $36,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new position in Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix in the 3rd quarter worth approximately $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock valued at $131,030,268 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NFLX shares. UBS Group boosted their target price on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. lowered their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday. Macquarie restated an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $824.00.

Netflix Trading Down 4.0 %

Shares of NASDAQ:NFLX traded down $34.86 during mid-day trading on Friday, reaching $840.14. 1,798,484 shares of the company were exchanged, compared to its average volume of 2,571,448. The firm’s 50-day simple moving average is $876.43 and its 200 day simple moving average is $751.52. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The firm has a market cap of $359.12 billion, a price-to-earnings ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

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.