Activest Wealth Management Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Activest Wealth Management lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 347 shares of the Internet television network’s stock after selling 73 shares during the quarter. Activest Wealth Management’s holdings in Netflix were worth $310,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB raised its stake in shares of Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares during the period. Westend Capital Management LLC increased its holdings in Netflix by 0.6% in the 3rd quarter. Westend Capital Management LLC now owns 13,564 shares of the Internet television network’s stock worth $9,621,000 after acquiring an additional 82 shares during the last quarter. Retirement Planning Group LLC bought a new stake in Netflix in the 3rd quarter valued at about $1,269,000. Exchange Traded Concepts LLC lifted its holdings in Netflix by 548.3% during the third quarter. Exchange Traded Concepts LLC now owns 17,019 shares of the Internet television network’s stock valued at $12,071,000 after purchasing an additional 14,394 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in Netflix by 25.8% during the third quarter. CHICAGO TRUST Co NA now owns 1,003 shares of the Internet television network’s stock worth $711,000 after purchasing an additional 206 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,434 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,144,250. This represents a 25.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 298,870 shares of company stock worth $285,287,314. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX opened at $1,013.93 on Monday. 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 stock has a market capitalization of $433.72 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The stock’s 50 day moving average price is $917.36 and its 200-day moving average price is $791.20. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,027.76.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm earned $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on NFLX shares. TD Cowen upped 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. Macquarie increased their target price on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Wedbush reiterated an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Company Profile

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.