Retirement Planning Co of New England Inc. Sells 37 Shares of Netflix, Inc. (NASDAQ:NFLX)

Retirement Planning Co of New England Inc. trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,764 shares of the Internet television network’s stock after selling 37 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Netflix were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC boosted its position in shares of 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 purchasing an additional 14 shares in the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the third quarter valued at approximately $37,000. Finally, Pineridge Advisors LLC boosted its position in shares of 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 purchasing an additional 40 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $950.02 on Tuesday. The stock has a 50-day simple moving average of $952.40 and a two-hundred day simple moving average of $851.72. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. 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 capitalization of $406.38 billion, a PE ratio of 47.91, a P/E/G ratio of 2.12 and a beta of 1.38.

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

Insider Buying and Selling at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $101,241.12. This represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup lifted their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Loop Capital lifted their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,016.78.

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.