Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors cut its position in Netflix, Inc. (NASDAQ:NFLX) by 86.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,492 shares of the Internet television network’s stock after selling 27,878 shares during the quarter. Ibex Wealth Advisors’ holdings in Netflix were worth $4,004,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after acquiring an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. raised its position in Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC boosted its stake in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the period. M&T Bank Corp grew its position in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Netflix in the third quarter valued at $1,517,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NFLX shares. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Bank of America upped their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Up 0.2 %

Shares of NASDAQ:NFLX traded up $2.33 during midday trading on Wednesday, reaching $974.16. The company’s stock had a trading volume of 782,482 shares, compared to its average volume of 4,467,439. The business has a 50 day moving average price of $899.64 and a 200 day moving average price of $772.71. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm has a market cap of $416.41 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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 the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 EPS. Research analysts forecast that Netflix, Inc. will post 23.72 EPS for the current year.

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.