Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Navalign LLC

Navalign LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,623 shares of the Internet television network’s stock after selling 30 shares during the quarter. Navalign LLC’s holdings in Netflix were worth $1,277,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NFLX. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix during the third quarter valued at about $26,000. Carmel Capital Partners LLC lifted its stake in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares in the last quarter. Evermay Wealth Management LLC boosted its holdings in shares of Netflix by 94.9% in the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after buying an additional 56 shares during the period. Finally, Pacifica Partners Inc. purchased a new position in shares of Netflix in the fourth quarter worth approximately $41,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Guggenheim upped their price target on shares of Netflix from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. UBS Group raised their target price on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Redburn Atlantic upped their price target on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $583.18.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $6.20 during midday trading on Thursday, hitting $607.33. The company’s stock had a trading volume of 3,706,671 shares, compared to its average volume of 4,552,830. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $634.39. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $262.83 billion, a price-to-earnings ratio of 50.53, a PEG ratio of 1.71 and a beta of 1.22. The stock’s 50 day simple moving average is $581.81 and its 200 day simple moving average is $487.70.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The business had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 17.01 earnings per share for the current year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Ann Mather sold 3,673 shares of Netflix 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,767 shares of company stock worth $151,298,232. Insiders own 2.45% of the company’s stock.

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.