Nwam LLC Reduces Position in Netflix, Inc. (NFLX)
Nwam LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,123 shares of the Internet television network’s stock after selling 329 shares during the period. Nwam LLC’s holdings in Netflix were worth $408,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of NFLX. Balentine LLC raised its stake in Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the period. Duncker Streett & Co. Inc. raised its stake in Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after buying an additional 200 shares during the period. Goodman Financial Corp acquired a new position in Netflix during the 4th quarter worth approximately $163,000. Steward Partners Investment Advisory LLC acquired a new position in Netflix during the 3rd quarter worth approximately $171,000. Finally, Grove Bank & Trust raised its stake in Netflix by 249.6% during the 3rd quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after buying an additional 684 shares during the period. 82.38% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. Vetr downgraded Netflix from a “buy” rating to a “hold” rating and set a $265.73 price objective for the company. in a research note on Tuesday. BidaskClub raised Netflix from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. MKM Partners upped their target price on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 29th. UBS Group set a $290.00 target price on Netflix and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Robert W. Baird upped their target price on Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $237.49.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. equities research analysts predict that Netflix, Inc. will post 2.69 earnings per share for the current year.
In other news, insider Jonathan Friedland sold 2,743 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $205.59, for a total transaction of $563,933.37. Following the completion of the sale, the insider now owns 1,147 shares of the company’s stock, valued at approximately $235,811.73. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $194.29, for a total transaction of $136,003.00. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $1,436,385.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 459,885 shares of company stock valued at $105,163,627. Company insiders own 4.90% of the company’s stock.
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Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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