Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Stonekeep Investments LLC

Stonekeep Investments LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 806 shares of the Internet television network’s stock after selling 23 shares during the quarter. Netflix accounts for 0.5% of Stonekeep Investments LLC’s portfolio, making the stock its 28th biggest position. Stonekeep Investments LLC’s holdings in Netflix were worth $719,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted 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 worth $34,000 after purchasing 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 purchased a new stake in shares of Netflix in the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix in the third quarter valued at approximately $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 246 shares of the company’s stock, valued at $185,976. This trade represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 1.9 %

NASDAQ:NFLX opened at $858.10 on Friday. The firm has a market capitalization of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 52 week low of $476.06 and a 52 week high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $883.32 and a 200-day moving average of $757.20.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NFLX shares. Argus lifted their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Macquarie lifted their target price on shares of Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Jefferies Financial Group raised their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group increased their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, KeyCorp lifted their target price on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

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.