WealthTrust Asset Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 7.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,350 shares of the Internet television network’s stock after selling 176 shares during the period. Netflix comprises about 1.5% of WealthTrust Asset Management LLC’s holdings, making the stock its 17th biggest position. WealthTrust Asset Management LLC’s holdings in Netflix were worth $2,095,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. GWN Securities Inc. bought a new stake in Netflix during the fourth quarter worth approximately $1,242,000. Altus Wealth Group LLC lifted its holdings in shares of Netflix by 3.4% during the fourth quarter. Altus Wealth Group LLC now owns 1,197 shares of the Internet television network’s stock worth $1,067,000 after buying an additional 39 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of Netflix by 11.3% during the fourth quarter. Gallacher Capital Management LLC now owns 374 shares of the Internet television network’s stock worth $333,000 after buying an additional 38 shares during the last quarter. Patten & Patten Inc. TN lifted its holdings in shares of Netflix by 4.4% during the fourth quarter. Patten & Patten Inc. TN now owns 2,017 shares of the Internet television network’s stock worth $1,797,000 after buying an additional 85 shares during the last quarter. Finally, Facet Wealth Inc. lifted its holdings in shares of Netflix by 3.4% during the fourth quarter. Facet Wealth Inc. now owns 1,220 shares of the Internet television network’s stock worth $1,087,000 after buying an additional 40 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.
Netflix Trading Up 3.1 %
NASDAQ NFLX opened at $918.00 on Friday. The firm has a market cap of $392.68 billion, a P/E ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38. 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 stock’s 50-day moving average is $951.04 and its 200-day moving average is $848.74. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on NFLX. KeyCorp upped their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Needham & Company LLC upped their price target on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, Macquarie upped their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,014.26.
View Our Latest Stock Analysis on NFLX
Insider Transactions at Netflix
In related news, Chairman Reed Hastings sold 30,485 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 over the last 90 days. 1.76% of the stock is owned by company insiders.
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.
Recommended Stories
- Five stocks we like better than Netflix
- Growth Stocks: What They Are, What They Are Not
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Growth Stocks: What They Are, Examples and How to Invest
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How Can Investors Benefit From After-Hours Trading
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.