New England Research & Management Inc. Sells 245 Shares of Netflix, Inc. (NASDAQ:NFLX)

New England Research & Management Inc. trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 854 shares of the Internet television network’s stock after selling 245 shares during the period. New England Research & Management Inc.’s holdings in Netflix were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of 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 purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Netflix during the fourth quarter worth about $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the third quarter worth about $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix during the third quarter worth about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NFLX shares. KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC upped their price target on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Up 0.7 %

Netflix stock opened at $978.94 on Thursday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a market cap of $418.46 billion, a PE ratio of 49.37, a P/E/G ratio of 1.53 and a beta of 1.27. The stock’s fifty day moving average is $899.64 and its two-hundred day moving average is $772.71.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company posted $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts expect that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,117 shares of company stock valued at $123,913,691 in the last three months. 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.