Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,694 shares of the Internet television network’s stock after selling 4,497 shares during the period. Netflix accounts for about 0.8% of Kingsview Wealth Management LLC’s holdings, making the stock its 25th biggest position. Kingsview Wealth Management LLC’s holdings in Netflix were worth $43,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of NFLX. Apollon Wealth Management LLC grew its stake in Netflix by 0.3% in the 4th quarter. Apollon Wealth Management LLC now owns 17,002 shares of the Internet television network’s stock worth $15,154,000 after acquiring an additional 50 shares during the period. Almanack Investment Partners LLC. boosted its holdings in shares of Netflix by 2.1% during the fourth quarter. Almanack Investment Partners LLC. now owns 1,269 shares of the Internet television network’s stock worth $1,131,000 after purchasing an additional 26 shares during the last quarter. Mezzasalma Advisors LLC grew its position in shares of Netflix by 0.4% in the fourth quarter. Mezzasalma Advisors LLC now owns 7,457 shares of the Internet television network’s stock valued at $6,647,000 after purchasing an additional 31 shares during the period. TFG Advisers LLC acquired a new position in Netflix in the fourth quarter valued at $248,000. Finally, Vest Financial LLC lifted its position in Netflix by 9.9% during the fourth quarter. Vest Financial LLC now owns 1,971 shares of the Internet television network’s stock worth $1,757,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. KeyCorp upped their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Pivotal Research boosted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Finally, UBS Group boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 299,517 shares of company stock valued at $285,805,037. Insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.2 %

NFLX opened at $1,013.93 on Friday. The firm has a market cap of $433.72 billion, a P/E ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business has a 50 day moving average price of $914.82 and a 200 day moving average price of $787.62. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,027.76.

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