Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 755 shares of the Internet television network’s stock after selling 119 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in Netflix were worth $673,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth $34,000. Princeton Global Asset Management LLC grew its position in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Netflix during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NFLX. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Oppenheimer increased their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America boosted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $31,440,254.30. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 292,270 shares of company stock valued at $278,469,388. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 0.5 %

Shares of NFLX opened at $1,015.68 on Friday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,016.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $434.47 billion, a P/E ratio of 51.22, a P/E/G ratio of 2.02 and a beta of 1.27. The business’s 50-day moving average price is $912.05 and its 200 day moving average price is $786.03.

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, topping 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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.