Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,717 shares of the Internet television network’s stock after selling 324 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Netflix were worth $1,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Northern Trust Corp increased its position in shares of Netflix by 2.1% during the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares during the period. Fisher Asset Management LLC raised its stake in shares of Netflix by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after acquiring an additional 78,298 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Netflix by 5.3% in the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after purchasing an additional 139,165 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Netflix by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after purchasing an additional 14,364 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Netflix news, Director Anne M. Sweeney sold 3,029 shares of Netflix stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $580.00, for a total value of $1,756,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,141 shares of company stock worth $90,796,396. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX traded up $9.03 during mid-day trading on Tuesday, hitting $606.00. The stock had a trading volume of 3,608,993 shares, compared to its average volume of 4,419,100. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00. The company has a market cap of $261.16 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a 50 day simple moving average of $602.85 and a 200 day simple moving average of $531.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the firm posted $2.88 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Loop Capital boosted their price objective on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Oppenheimer restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. Wells Fargo & Company boosted their target price on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group lifted their price target on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $631.15.

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.