Charter Oak Capital Management LLC Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

Charter Oak Capital Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 282 shares of the Internet television network’s stock after selling 38 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Netflix were worth $251,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Magnolia Capital Advisors LLC increased its stake in shares of Netflix by 3.0% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 961 shares of the Internet television network’s stock valued at $649,000 after purchasing an additional 28 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Netflix by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,081 shares of the Internet television network’s stock valued at $43,919,000 after buying an additional 482 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Netflix by 5.4% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,599 shares of the Internet television network’s stock valued at $2,429,000 after buying an additional 185 shares in the last quarter. Wellington Wealth Strategies LLC. purchased a new position in Netflix during the second quarter valued at $435,000. Finally, Teewinot Capital Advisers L.L.C. increased its stake in shares of Netflix by 15.6% during the second quarter. Teewinot Capital Advisers L.L.C. now owns 153,027 shares of the Internet television network’s stock worth $103,275,000 after purchasing an additional 20,691 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFLX. TD Cowen raised their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Loop Capital boosted their price target on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Trading Down 0.6 %

NASDAQ:NFLX opened at $971.89 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The stock has a market cap of $415.44 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27. The stock has a 50-day simple moving average of $895.13 and a 200-day simple moving average of $768.18.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.11 EPS. As a group, analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

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.