Valley Brook Capital Group Inc. Sells 25 Shares of Netflix, Inc. (NASDAQ:NFLX)

Valley Brook Capital Group Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 873 shares of the Internet television network’s stock after selling 25 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Netflix were worth $778,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB increased its stake in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after acquiring an additional 4,701 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in Netflix during the third quarter valued at about $816,000. Wesbanco Bank Inc. boosted its position in Netflix by 12.0% during the third quarter. Wesbanco Bank Inc. now owns 8,979 shares of the Internet television network’s stock valued at $6,369,000 after buying an additional 964 shares during the period. Creative Planning boosted its position in Netflix by 10.8% during the third quarter. Creative Planning now owns 110,551 shares of the Internet television network’s stock valued at $78,410,000 after buying an additional 10,782 shares during the period. Finally, Swedbank AB boosted its position in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Citigroup upped their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upped their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Ten investment 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 stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

Shares of NFLX opened at $1,008.08 on Wednesday. The company has a market capitalization of $431.22 billion, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $919.96 and a 200 day moving average of $795.06. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,032.85.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company 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%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 303,809 shares of company stock valued at $290,374,484 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.