KMG Fiduciary Partners LLC Reduces Position in Netflix, Inc. (NASDAQ:NFLX)

KMG Fiduciary Partners LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,440 shares of the Internet television network’s stock after selling 457 shares during the period. KMG Fiduciary Partners LLC’s holdings in Netflix were worth $3,957,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased 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 buying an additional 42 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Netflix during the fourth quarter worth $43,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the third quarter worth $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix during the third quarter worth $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.7 %

NASDAQ:NFLX opened at $842.37 on Friday. 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 $882.41 and a 200-day moving average of $756.61. The firm has a market capitalization of $360.08 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business 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%. Analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 152,198 shares of company stock worth $127,616,898. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NFLX shares. Guggenheim lifted their price objective on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research report on Monday. Bank of America lifted their price objective on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Macquarie lifted their price objective on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Pivotal Research lifted their price objective on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average 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.