Heritage Wealth Partners LLC Has $614,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Heritage Wealth Partners LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 689 shares of the Internet television network’s stock after selling 85 shares during the period. Heritage Wealth Partners LLC’s holdings in Netflix were worth $614,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in 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 acquiring an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the third quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 4,186 shares of the business’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 transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last three months. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and boosted their price target for the company from $800.00 to $950.00 in a research note on Monday, December 16th. Canaccord Genuity Group lifted their price target on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Macquarie increased their price objective on Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research note on Monday. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, December 21st. Finally, Needham & Company LLC upped their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research 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 issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $832.94.

Netflix Trading Up 0.3 %

Shares of NFLX stock traded up $2.60 on Monday, hitting $840.29. 2,952,269 shares of the company’s stock traded hands, compared to its average volume of 2,950,649. The company’s fifty day simple moving average is $878.06 and its 200 day simple moving average is $753.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75. The stock 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.

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

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.