Octavia Wealth Advisors LLC Sells 205 Shares of Netflix, Inc. (NASDAQ:NFLX)

Octavia Wealth Advisors LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 758 shares of the Internet television network’s stock after selling 205 shares during the period. Octavia Wealth Advisors LLC’s holdings in Netflix were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Netflix by 0.4% in the 1st quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock valued at $5,595,196,000 after acquiring an additional 62,507 shares during the last quarter. Morgan Stanley lifted its stake in shares of Netflix by 11.1% in the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock valued at $1,906,005,000 after acquiring an additional 644,162 shares during the last quarter. Norges Bank bought a new stake in shares of Netflix in the 4th quarter valued at about $1,501,762,000. Northern Trust Corp lifted its stake in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after acquiring an additional 96,938 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Netflix by 24.3% in the 3rd quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock valued at $1,464,444,000 after acquiring an additional 759,378 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $617.52 on Wednesday. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The stock’s fifty day moving average is $603.65 and its 200 day moving average is $510.44. The stock has a market cap of $267.24 billion, a P/E ratio of 51.42, a P/E/G ratio of 1.64 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter in the previous year, the company posted $0.12 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 17.03 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 13,655 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,118,342. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock worth $151,619,811 over the last 90 days. Corporate insiders own 2.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Robert W. Baird boosted their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. KeyCorp boosted their price target on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Piper Sandler boosted their price target on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Pivotal Research boosted their price target on Netflix from $700.00 to $765.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Jefferies Financial Group upped their target price on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $603.48.

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.