Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Hengehold Capital Management LLC

Hengehold Capital Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 273 shares of the Internet television network’s stock after selling 31 shares during the period. Hengehold Capital Management LLC’s holdings in Netflix were worth $243,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NFLX. Advisory Resource Group increased its position in shares of Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares in the last quarter. Insight Wealth Strategies LLC grew its holdings in shares of Netflix by 1.9% during the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after buying an additional 12 shares in the last quarter. Sunflower Bank N.A. raised its position in shares of Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after buying an additional 12 shares during the last quarter. D.B. Root & Company LLC lifted its stake in shares of Netflix by 4.1% in the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock worth $295,000 after buying an additional 13 shares in the last quarter. Finally, New World Advisors LLC boosted its position in Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on NFLX shares. The Goldman Sachs Group increased their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday. Robert W. Baird raised their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Loop Capital raised their price target on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $996.94.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,500 shares of company stock worth $123,309,210. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 3.2 %

Shares of Netflix stock opened at $984.86 on Friday. The company’s fifty day moving average is $889.11 and its two-hundred day moving average is $763.41. Netflix, Inc. has a 1 year low of $537.07 and a 1 year high of $999.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The company has a market capitalization of $420.99 billion, a P/E ratio of 49.67, a PEG ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period last year, the business posted $2.11 EPS. The company’s revenue was up 16.0% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current year.

Netflix 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.