CFO4Life Group LLC Sells 147 Shares of Netflix, Inc. (NASDAQ:NFLX)

CFO4Life Group LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 382 shares of the Internet television network’s stock after selling 147 shares during the quarter. CFO4Life Group LLC’s holdings in Netflix were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Michigan Advisors LLC boosted its position in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. raised its stake in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 shares during the last quarter. Enzi Wealth raised its stake in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after purchasing an additional 11 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after purchasing an additional 11 shares during the last quarter. Finally, Everett Harris & Co. CA raised its stake in shares of 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 purchasing an additional 11 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ:NFLX opened at $919.68 on Thursday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. 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 company has a market capitalization of $393.40 billion, a P/E ratio of 46.38, a P/E/G ratio of 2.12 and a beta of 1.38. The stock’s fifty day moving average is $950.23 and its two-hundred day moving average is $845.78.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NFLX shares. Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Evercore ISI raised their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Argus raised their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,014.26.

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.