Netflix, Inc. (NASDAQ:NFLX) Position Cut by Winch Advisory Services LLC

Winch Advisory Services LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,523 shares of the Internet television network’s stock after selling 186 shares during the period. Netflix makes up 1.3% of Winch Advisory Services LLC’s holdings, making the stock its 17th largest position. Winch Advisory Services LLC’s holdings in Netflix were worth $4,923,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. Essex Savings Bank raised its position in shares of Netflix by 4.5% during the 4th quarter. Essex Savings Bank now owns 1,844 shares of the Internet television network’s stock worth $1,644,000 after buying an additional 79 shares in the last quarter. ERn Financial LLC boosted its holdings in shares of Netflix by 6.1% in the fourth quarter. ERn Financial LLC now owns 1,207 shares of the Internet television network’s stock valued at $1,075,000 after acquiring an additional 69 shares in the last quarter. Surience Private Wealth LLC acquired a new position in shares of Netflix during the fourth quarter valued at approximately $4,302,000. BluePath Capital Management LLC raised its holdings in Netflix by 21.9% during the fourth quarter. BluePath Capital Management LLC now owns 1,775 shares of the Internet television network’s stock worth $1,492,000 after purchasing an additional 319 shares in the last quarter. Finally, Brave Asset Management Inc. lifted its position in Netflix by 8.8% in the fourth quarter. Brave Asset Management Inc. now owns 358 shares of the Internet television network’s stock worth $319,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $848.26 on Thursday. The business’s 50-day simple moving average is $881.04 and its 200-day simple moving average is $755.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The firm has a market cap of $362.60 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate 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. As a group, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their target price on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Evercore ISI boosted their target price on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $845.82.

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.