Larson Financial Group LLC Cuts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Larson Financial Group LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 48.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,329 shares of the Internet television network’s stock after selling 1,230 shares during the quarter. Larson Financial Group LLC’s holdings in Netflix were worth $647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Regent Peak Wealth Advisors LLC boosted its stake in shares of Netflix by 1.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after buying an additional 21 shares during the last quarter. Centurion Wealth Management LLC boosted its stake in shares of Netflix by 2.4% in the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after buying an additional 23 shares during the last quarter. Secure Asset Management LLC boosted its stake in shares of Netflix by 2.7% in the 4th quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after buying an additional 24 shares during the last quarter. Key Financial Inc boosted its stake in shares of Netflix by 14.4% in the 3rd quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock worth $75,000 after buying an additional 25 shares during the last quarter. Finally, Lee Financial Co boosted its stake in shares of Netflix by 18.2% in the 3rd quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock worth $61,000 after buying an additional 25 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,106 shares of company stock worth $92,729,716. Corporate insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NFLX shares. TD Cowen raised their price target on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Guggenheim raised their target price on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price on the stock in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Trading Up 4.2 %

Shares of NFLX stock opened at $577.75 on Wednesday. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $606.05 and its 200-day moving average price is $517.65. The stock has a market capitalization of $248.95 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.88 earnings per share. Equities research analysts predict that Netflix, Inc. will post 17.87 EPS for the current fiscal year.

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.