Angeles Wealth Management LLC Sells 81 Shares of Netflix, Inc. (NASDAQ:NFLX)

Angeles Wealth Management LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,420 shares of the Internet television network’s stock after selling 81 shares during the period. Angeles Wealth Management LLC’s holdings in Netflix were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at $34,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter valued at $37,000. Finally, FSA Wealth Management LLC bought a new position in Netflix during the third quarter worth $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.2 %

NFLX opened at $1,013.93 on Monday. The business’s fifty day simple moving average is $917.36 and its 200 day simple moving average is $791.20. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,027.76. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $433.72 billion, a PE ratio of 51.13, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its 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. The business had revenue of $10.25 billion during 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 for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Guggenheim lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Pivotal Research boosted their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Macquarie increased their target price on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,870 shares of company stock valued at $285,287,314. 1.76% of the stock is currently owned by 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.