Hutchens & Kramer Investment Management Group LLC Trims Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hutchens & Kramer Investment Management Group LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 614 shares of the Internet television network’s stock after selling 21 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Netflix were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in 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 in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the 3rd quarter valued at $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX opened at $971.89 on Tuesday. The stock has a market cap of $415.44 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm’s 50-day simple moving average is $895.13 and its two-hundred day simple moving average is $768.18.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. Analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 617 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 over the last 90 days. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $975.00 to $1,200.00 in a research report on Friday. Macquarie boosted their price target on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim upped their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Argus upped their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

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.