Lavaca Capital LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,508 shares of the Internet television network’s stock after selling 100 shares during the period. Netflix accounts for approximately 0.5% of Lavaca Capital LLC’s holdings, making the stock its 14th biggest holding. Lavaca Capital LLC’s holdings in Netflix were worth $3,519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Lineweaver Wealth Advisors LLC raised its stake in shares of Netflix by 1.9% during the third quarter. Lineweaver Wealth Advisors LLC now owns 996 shares of the Internet television network’s stock valued at $498,000 after acquiring an additional 19 shares in the last quarter. Formidable Asset Management LLC lifted its position in shares of Netflix by 0.9% in the 3rd quarter. Formidable Asset Management LLC now owns 2,331 shares of the Internet television network’s stock worth $1,172,000 after purchasing an additional 20 shares during the period. Bedel Financial Consulting Inc. boosted its stake in shares of Netflix by 12.1% during the third quarter. Bedel Financial Consulting Inc. now owns 195 shares of the Internet television network’s stock valued at $98,000 after purchasing an additional 21 shares in the last quarter. Berman Capital Advisors LLC increased its holdings in Netflix by 1.8% during the third quarter. Berman Capital Advisors LLC now owns 1,174 shares of the Internet television network’s stock valued at $586,000 after buying an additional 21 shares during the period. Finally, Wealthsource Partners LLC increased its holdings in Netflix by 2.0% during the third quarter. Wealthsource Partners LLC now owns 1,137 shares of the Internet television network’s stock valued at $569,000 after buying an additional 22 shares during the period. Institutional investors own 76.10% of the company’s stock.

In other news, Director Rodolphe Belmer sold 2,136 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $488.52, for a total transaction of $1,043,478.72. Following the completion of the sale, the director now owns 215 shares of the company’s stock, valued at $105,031.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 437,311 shares of the stock in a transaction dated Monday, December 21st. The shares were sold at an average price of $527.26, for a total transaction of $230,576,597.86. Following the completion of the sale, the chief executive officer now owns 41,097 shares of the company’s stock, valued at $21,668,804.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 638,247 shares of company stock worth $335,292,138. 3.40% of the stock is currently owned by insiders.

Several analysts have issued reports on NFLX shares. Wedbush reaffirmed an “underperform” rating and set a $235.00 target price (up previously from $220.00) on shares of Netflix in a research report on Wednesday, October 21st. Bank of America raised their price objective on Netflix from $575.00 to $670.00 and gave the company a “buy” rating in a research report on Friday, October 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $610.00 target price on shares of Netflix in a research note on Tuesday, December 8th. The Goldman Sachs Group set a $670.00 price target on shares of Netflix and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Guggenheim raised their price target on shares of Netflix from $530.00 to $570.00 and gave the company a “buy” rating in a report on Monday, September 28th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $536.14.

NASDAQ NFLX traded up $13.54 on Wednesday, hitting $507.79. The company had a trading volume of 4,805,579 shares, compared to its average volume of 4,301,408. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24. The company’s fifty day moving average price is $512.24 and its 200-day moving average price is $501.40. The company has a market capitalization of $224.34 billion, a PE ratio of 81.90, a PEG ratio of 2.68 and a beta of 0.93. Netflix, Inc. has a 12-month low of $290.25 and a 12-month high of $575.37.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 20th. The Internet television network reported $1.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.13 by ($0.39). Netflix had a net margin of 11.78% and a return on equity of 31.48%. The company had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 6.26 EPS for the current year.

About Netflix

Netflix, Inc provides subscription streaming entertainment service. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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