Evolution Wealth Advisors LLC Sells 200 Shares of Netflix, Inc. (NASDAQ:NFLX)

Evolution Wealth Advisors LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 516 shares of the Internet television network’s stock after selling 200 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Netflix were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Fairfield Bush & CO. boosted its position in shares of Netflix by 26.5% during the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after acquiring an additional 512 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Netflix by 21.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock valued at $179,820,000 after acquiring an additional 84,179 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Netflix by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock valued at $1,094,000 after acquiring an additional 363 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Netflix by 6.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock valued at $13,610,000 after acquiring an additional 2,358 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Netflix by 13.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock valued at $1,426,000 after acquiring an additional 441 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock valued at $151,619,811 over the last ninety days. 2.45% of the stock is currently owned by corporate insiders.

Netflix Stock Down 9.1 %

Netflix stock traded down $55.52 during mid-day trading on Friday, hitting $555.04. The company had a trading volume of 16,426,221 shares, compared to its average volume of 4,457,433. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is $605.65 and its two-hundred day moving average price is $513.07. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a market capitalization of $240.20 billion, a PE ratio of 46.21, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping 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 return on equity of 24.76% and a net margin of 16.04%. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.88 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NFLX shares. The Goldman Sachs Group boosted their target price on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Citigroup boosted their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Guggenheim boosted their target price on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen boosted their target price on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, KeyCorp boosted their target price on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $630.58.

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.