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

Northside Capital Management LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 615 shares of the Internet television network’s stock after selling 25 shares during the period. Northside Capital Management LLC’s holdings in Netflix were worth $548,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on NFLX shares. BMO Capital Markets increased their price objective on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Morgan Stanley upped their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” 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 given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $845.82.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly 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 legal filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $848.26 on Thursday. The stock has a market cap of $362.60 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.35 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, Inc. has a 12 month low of $475.26 and a 12 month high of $941.75. The stock’s 50 day moving average price is $881.04 and its 200 day moving average price is $755.96.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS 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 company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.