Netflix, Inc. (NASDAQ:NFLX) Stock Position Lowered by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,033 shares of the Internet television network’s stock after selling 10 shares during the quarter. Netflix makes up about 1.4% of Laraway Financial Advisors Inc’s holdings, making the stock its 18th biggest holding. Laraway Financial Advisors Inc’s holdings in Netflix were worth $1,812,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First National Trust Co increased its stake in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after buying an additional 12 shares during the period. Haven Private LLC bought a new position in shares of Netflix during the 4th quarter valued at $733,000. Sigma Planning Corp lifted its stake in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after purchasing an additional 386 shares during the last quarter. Quilter Plc boosted its holdings in Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after purchasing an additional 10,946 shares in the last quarter. Finally, Unified Investment Management bought a new stake in Netflix in the fourth quarter worth $526,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,139.81 on Monday. The stock has a market cap of $485.07 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.12 and a beta of 1.58. The business’s fifty day moving average is $984.97 and its 200 day moving average is $934.31. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,164.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the firm posted $8.28 earnings per share. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Canaccord Genuity Group upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Cfra Research raised shares of Netflix to a “strong-buy” rating in a report on Monday, April 28th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Finally, Loop Capital reissued a “hold” rating on shares of Netflix in a report on Monday, March 24th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,084.91.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,591 shares of company stock valued at $132,515,581. 1.76% of the stock is owned by company insiders.

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.