Symphony Financial Services Inc. Has $893,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Symphony Financial Services Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,002 shares of the Internet television network’s stock after selling 20 shares during the period. Netflix accounts for about 0.7% of Symphony Financial Services Inc.’s portfolio, making the stock its 26th largest position. Symphony Financial Services Inc.’s holdings in Netflix were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth $25,000. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the period. Newton One Investments LLC bought a new position in Netflix during the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. bought a new position in Netflix during the third quarter valued at about $37,000. Finally, Pineridge Advisors LLC grew its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.1 %

Shares of NASDAQ NFLX opened at $972.58 on Wednesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s 50 day simple moving average is $949.77 and its two-hundred day simple moving average is $837.58. The stock has a market capitalization of $416.03 billion, a P/E ratio of 49.05, a PEG ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued 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 business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business earned $2.11 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 over the last ninety days. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 price objective (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Macquarie upped their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

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.