Strategic Blueprint LLC Sells 233 Shares of Netflix, Inc. (NASDAQ:NFLX)

Strategic Blueprint LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,543 shares of the Internet television network’s stock after selling 233 shares during the quarter. Strategic Blueprint LLC’s holdings in Netflix were worth $2,267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% during 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 acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter worth $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter worth $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix during the 3rd quarter worth $40,000. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NFLX. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Jefferies Financial Group lifted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Loop Capital lifted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Finally, Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity

In other news, Director Jay C. Hoag sold 617 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock worth $123,913,691 over the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NFLX opened at $978.94 on Thursday. The stock has a market cap of $418.46 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm’s 50-day simple moving average is $899.64 and its two-hundred day simple moving average is $772.71.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Netflix 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.