Aviso Wealth Management Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Aviso Wealth Management reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,001 shares of the Internet television network’s stock after selling 378 shares during the quarter. Netflix accounts for 5.0% of Aviso Wealth Management’s holdings, making the stock its 3rd biggest holding. Aviso Wealth Management’s holdings in Netflix were worth $9,806,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Graney & King LLC acquired a new stake in shares of Netflix during the 4th quarter worth approximately $107,000. Banco BTG Pactual S.A. acquired a new stake in Netflix in the fourth quarter valued at about $1,853,000. Core Wealth Partners LLC boosted its stake in Netflix by 3.5% in the fourth quarter. Core Wealth Partners LLC now owns 473 shares of the Internet television network’s stock valued at $422,000 after buying an additional 16 shares in the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of Netflix by 17.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,092 shares of the Internet television network’s stock worth $1,865,000 after acquiring an additional 307 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. boosted its stake in shares of Netflix by 500.0% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 60 shares of the Internet television network’s stock valued at $54,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NFLX shares. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and raised their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Citigroup lifted their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,016.78.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $997.28 on Wednesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $426.59 billion, a P/E ratio of 50.29, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a 50 day moving average of $965.09 and a 200 day moving average of $863.43.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company posted $2.11 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.