Vance Wealth Inc. Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Vance Wealth Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 869 shares of the Internet television network’s stock after selling 25 shares during the quarter. Vance Wealth Inc.’s holdings in Netflix were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC increased its position in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after buying an additional 392,427 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its position in Netflix by 171.4% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after buying an additional 300,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Netflix in the third quarter worth about $99,219,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. UBS Group upped their price target on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Morgan Stanley upped their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Rosenblatt Securities dropped their price objective on Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Pivotal Research upped their price objective on Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,734 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, Chairman Reed Hastings sold 20,734 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, 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. In the last 90 days, insiders have sold 154,573 shares of company stock valued at $89,548,241. 2.45% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.6 %

Shares of NASDAQ NFLX traded down $3.57 during midday trading on Friday, hitting $561.23. The company’s stock had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The business’s 50 day moving average is $604.54 and its two-hundred day moving average is $520.48. The firm has a market cap of $241.83 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 company 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 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $2.88 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 18.13 EPS for the current year.

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.