Burns J W & Co. Inc. NY Sells 31 Shares of Netflix, Inc. (NASDAQ:NFLX)

Burns J W & Co. Inc. NY cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,064 shares of the Internet television network’s stock after selling 31 shares during the period. Netflix comprises approximately 1.7% of Burns J W & Co. Inc. NY’s investment portfolio, making the stock its 14th largest holding. Burns J W & Co. Inc. NY’s holdings in Netflix were worth $13,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 worth $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the third quarter worth about $37,000. FSA Wealth Management LLC bought a new stake in Netflix in the third quarter worth about $38,000. Finally, First Personal Financial Services purchased a new position in Netflix in the third quarter valued at about $40,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Macquarie upped their price objective on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a report on Monday. KeyCorp lifted their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Oppenheimer upped their price target on shares of Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Needham & Company LLC boosted their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $832.94.

Netflix Trading Up 0.3 %

Shares of NASDAQ:NFLX traded up $2.60 on Monday, hitting $840.29. The company had a trading volume of 2,953,789 shares, compared to its average volume of 3,070,442. The firm’s 50-day simple moving average is $878.06 and its two-hundred day simple moving average is $753.78. The firm has a market capitalization of $359.19 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 quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 24.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by company insiders.

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.