WealthTrust Asset Management LLC Sells 176 Shares of Netflix, Inc. (NASDAQ:NFLX)

WealthTrust Asset Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) 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.

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

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.

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.