Winch Advisory Services LLC Has $4.92 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Winch Advisory Services LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,523 shares of the Internet television network’s stock after selling 186 shares during the period. Netflix comprises 1.3% of Winch Advisory Services LLC’s investment portfolio, making the stock its 17th largest holding. Winch Advisory Services LLC’s holdings in Netflix were worth $4,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. WealthPLAN Partners LLC lifted its stake in Netflix by 7.6% during the second quarter. WealthPLAN Partners LLC now owns 943 shares of the Internet television network’s stock worth $636,000 after purchasing an additional 67 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in Netflix by 55.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 1,556 shares of the Internet television network’s stock valued at $1,050,000 after buying an additional 553 shares in the last quarter. E Fund Management Co. Ltd. grew its position in Netflix by 3.9% in the second quarter. E Fund Management Co. Ltd. now owns 6,378 shares of the Internet television network’s stock valued at $4,304,000 after acquiring an additional 239 shares during the period. Meridian Wealth Partners LLC lifted its holdings in shares of Netflix by 6.9% during the second quarter. Meridian Wealth Partners LLC now owns 356 shares of the Internet television network’s stock valued at $240,000 after acquiring an additional 23 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Netflix by 6.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 81,691 shares of the Internet television network’s stock valued at $55,132,000 after purchasing an additional 4,831 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’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 owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NFLX shares. The Goldman Sachs Group increased their target price on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Rosenblatt Securities restated a “neutral” rating and set a $680.00 price target on shares of Netflix in a research report on Thursday. Finally, Sanford C. Bernstein increased their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $845.82.

Netflix Trading Up 2.4 %

Netflix stock opened at $848.26 on Thursday. The company has a market cap of $362.60 billion, a price-to-earnings ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27. The firm has a 50-day moving average of $881.04 and a 200-day moving average of $755.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, equities analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.