Vanguard Capital Wealth Advisors Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Vanguard Capital Wealth Advisors reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,985 shares of the Internet television network’s stock after selling 700 shares during the period. Netflix comprises approximately 0.8% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 22nd largest position. Vanguard Capital Wealth Advisors’ holdings in Netflix were worth $966,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NFLX. KFA Private Wealth Group LLC increased its holdings in Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares during the period. Addison Advisors LLC increased its holdings in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after buying an additional 20 shares during the period. Regent Peak Wealth Advisors LLC increased its holdings in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after buying an additional 21 shares during the period. Capital Advisors Ltd. LLC increased its holdings in Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after buying an additional 22 shares during the period. Finally, Centurion Wealth Management LLC increased its holdings in Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after buying an additional 23 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 1.6 %

NASDAQ:NFLX traded down $8.85 on Tuesday, hitting $550.64. The stock had a trading volume of 3,357,616 shares, compared to its average volume of 4,478,684. The company has a fifty day moving average price of $604.05 and a two-hundred day moving average price of $522.96. 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, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The stock has a market cap of $237.27 billion, a price-to-earnings ratio of 38.46, a PEG ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company 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 period in the prior year, the firm posted $2.88 EPS. Equities research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction 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. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price target (up from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Friday, April 19th. Bank of America lifted their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price target (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Finally, DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. One equities research 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

About Netflix

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.