CHURCHILL MANAGEMENT Corp Sells 197 Shares of Netflix, Inc. (NASDAQ:NFLX)

CHURCHILL MANAGEMENT Corp decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 33,516 shares of the Internet television network’s stock after selling 197 shares during the period. Netflix accounts for about 0.3% of CHURCHILL MANAGEMENT Corp’s portfolio, making the stock its 24th largest holding. CHURCHILL MANAGEMENT Corp’s holdings in Netflix were worth $29,874,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Netflix in the 3rd quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter worth approximately $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock worth $131,030,268 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $848.26 on Thursday. The firm’s fifty day moving average price is $881.04 and its 200 day moving average price is $755.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $362.60 billion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. UBS Group increased their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Macquarie boosted their price target on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research note on Monday. Pivotal Research increased their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $845.82.

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.