Donald L. Hagan LLC Sells 18 Shares of Netflix, Inc. (NASDAQ:NFLX)

Donald L. Hagan LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,053 shares of the Internet television network’s stock after selling 18 shares during the quarter. Donald L. Hagan LLC’s holdings in Netflix were worth $939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NFLX. Strategic Investment Solutions Inc. IL bought a new position in shares of Netflix during the 2nd quarter worth approximately $133,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Netflix by 58.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,560 shares of the Internet television network’s stock worth $26,698,000 after purchasing an additional 14,560 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of Netflix by 0.5% during the 2nd quarter. Anchor Investment Management LLC now owns 6,956 shares of the Internet television network’s stock worth $4,694,000 after purchasing an additional 34 shares during the last quarter. Centaurus Financial Inc. increased its stake in shares of Netflix by 151.9% during the 2nd quarter. Centaurus Financial Inc. now owns 13,450 shares of the Internet television network’s stock worth $9,077,000 after purchasing an additional 8,110 shares during the last quarter. Finally, Greater Midwest Financial Group LLC increased its stake in shares of Netflix by 7.0% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 1,384 shares of the Internet television network’s stock worth $916,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was 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. Over the last 90 days, insiders sold 105,516 shares of company stock valued at $92,377,637. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of Netflix stock opened at $973.24 on Friday. 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 52-week low of $542.01 and a 52-week high of $999.00. The company has a fifty day moving average of $901.54 and a 200-day moving average of $774.15. The stock has a market capitalization of $416.31 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NFLX shares. Morgan Stanley raised their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Company 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.