Laurel Wealth Advisors LLC Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Laurel Wealth Advisors LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,832 shares of the Internet television network’s stock after selling 83 shares during the period. Laurel Wealth Advisors LLC’s holdings in Netflix were worth $3,416,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its position in Netflix by 11.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock valued at $2,795,000 after purchasing an additional 431 shares during the last quarter. One Capital Management LLC increased its stake in shares of Netflix by 11.6% during the second quarter. One Capital Management LLC now owns 2,703 shares of the Internet television network’s stock valued at $1,824,000 after buying an additional 280 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of Netflix by 100.5% during the second quarter. Citizens Financial Group Inc. RI now owns 5,758 shares of the Internet television network’s stock valued at $3,886,000 after acquiring an additional 2,886 shares in the last quarter. WealthPLAN Partners LLC lifted its stake in Netflix by 7.6% in the second quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock worth $636,000 after acquiring an additional 67 shares during the period. Finally, Luts & Greenleigh Group Inc. bought a new stake in Netflix in the second quarter valued at $222,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NFLX shares. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Evercore ISI increased their target price on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. BMO Capital Markets raised their target price on Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Rosenblatt Securities raised their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $846.58.

Netflix Trading Down 1.4 %

Shares of NFLX stock opened at $828.40 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The stock has a market capitalization of $354.11 billion, a P/E ratio of 46.88, a P/E/G ratio of 1.77 and a beta of 1.27. The firm’s 50 day moving average is $881.04 and its 200 day moving average is $755.96.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (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 firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction 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 approximately $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of Netflix 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 transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,817,500. This represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. Insiders own 1.76% of the company’s stock.

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.