Fonville Wealth Management LLC Sells 44 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fonville Wealth Management LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 299 shares of the Internet television network’s stock after selling 44 shares during the period. Fonville Wealth Management LLC’s holdings in Netflix were worth $267,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter worth $25,000. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter worth $34,000. Princeton Global Asset Management LLC lifted its holdings in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NFLX. Wells Fargo & Company lifted their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Pivotal Research increased their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Bank of America boosted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Performance

NFLX opened at $1,013.93 on Monday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76. The business’s fifty day moving average is $917.36 and its 200-day moving average is $791.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $433.72 billion, a P/E ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 424 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $31,440,254.30. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 298,870 shares of company stock worth $285,287,314 in the last ninety days. 1.76% of the stock is owned by insiders.

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.