Netflix, Inc. (NASDAQ:NFLX) is Alliance Wealth Advisors LLC UT’s 8th Largest Position

Alliance Wealth Advisors LLC UT reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,849 shares of the Internet television network’s stock after selling 4,279 shares during the period. Netflix comprises approximately 1.4% of Alliance Wealth Advisors LLC UT’s portfolio, making the stock its 8th largest position. Alliance Wealth Advisors LLC UT’s holdings in Netflix were worth $4,309,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Spirit of America Management Corp NY purchased a new stake in Netflix in the third quarter valued at $113,000. Patriot Financial Group Insurance Agency LLC lifted its position in Netflix by 8.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,180 shares of the Internet television network’s stock valued at $446,000 after acquiring an additional 91 shares during the last quarter. Zullo Investment Group Inc. raised its holdings in shares of Netflix by 1.5% in the third quarter. Zullo Investment Group Inc. now owns 2,706 shares of the Internet television network’s stock valued at $1,022,000 after buying an additional 40 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Netflix by 10.2% in the third quarter. MCF Advisors LLC now owns 323 shares of the Internet television network’s stock valued at $122,000 after buying an additional 30 shares during the last quarter. Finally, Slow Capital Inc. raised its holdings in shares of Netflix by 0.5% in the third quarter. Slow Capital Inc. now owns 30,514 shares of the Internet television network’s stock valued at $11,522,000 after buying an additional 164 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,573 shares of company stock valued at $89,548,241. Company insiders own 2.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NFLX shares. Guggenheim upped their target price on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Needham & Company LLC raised shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price for the company in a report on Friday, April 19th. Robert W. Baird boosted their price target on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Rosenblatt Securities dropped their price target on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Trading Down 0.6 %

Shares of NFLX traded down $3.57 on Friday, hitting $561.23. 4,332,593 shares of the stock traded hands, compared to its average volume of 4,190,527. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $241.83 billion, a P/E ratio of 38.95, a P/E/G ratio of 1.38 and a beta of 1.22. The stock’s 50 day moving average is $604.54 and its two-hundred day moving average is $519.46. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.88 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 18.13 earnings per share for the current 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.