Wallace Advisory Group LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,461 shares of the Internet television network’s stock after selling 28 shares during the period. Netflix accounts for approximately 0.9% of Wallace Advisory Group LLC’s portfolio, making the stock its 29th largest holding. Wallace Advisory Group LLC’s holdings in Netflix were worth $1,302,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix during the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Netflix by 700.0% during 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 buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the third quarter worth about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Insider Buying and Selling
In related news, Director Anne M. Sweeney sold 589 shares of the company’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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 1.76% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on NFLX
Netflix Price Performance
Shares of Netflix stock opened at $840.29 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $359.19 billion, a PE ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. The business has a 50 day moving average of $879.75 and a 200 day moving average of $754.88. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.
Netflix (NASDAQ:NFLX – Get Free Report) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities research analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current 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.
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