Nvwm LLC Has $5.07 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Nvwm LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,683 shares of the Internet television network’s stock after selling 744 shares during the quarter. Netflix makes up approximately 1.3% of Nvwm LLC’s investment portfolio, making the stock its 15th largest position. Nvwm LLC’s holdings in Netflix were worth $5,065,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NFLX. Enzi Wealth boosted its stake in shares of Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. grew its position in shares of Netflix by 1.6% in the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after buying an additional 11 shares during the last quarter. Everett Harris & Co. CA lifted its stake in Netflix by 1.3% in the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock worth $775,000 after acquiring an additional 11 shares during the period. Blossom Wealth Management boosted its holdings in Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after acquiring an additional 11 shares in the last quarter. Finally, Advisory Resource Group increased its position in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after purchasing an additional 12 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NFLX. Evercore ISI lifted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Bank of America lifted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Oppenheimer raised their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten investment 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 company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the 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. In the last 90 days, insiders have sold 281,026 shares of company stock valued at $267,211,135. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $994.87 on Wednesday. The stock has a market capitalization of $425.57 billion, a PE ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,008.00. The business has a 50 day simple moving average of $909.38 and a two-hundred day simple moving average of $784.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company earned $2.11 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.