Vestor Capital LLC Has $58,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Vestor Capital LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 98.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119 shares of the Internet television network’s stock after selling 7,078 shares during the quarter. Vestor Capital LLC’s holdings in Netflix were worth $58,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new stake in Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC boosted its position in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Netflix during the fourth quarter valued at approximately $41,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. KeyCorp boosted their target price on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research note on Monday, April 15th. Canaccord Genuity Group reissued a “hold” rating and issued a $585.00 price objective (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $725.00 target price on shares of Netflix in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

Insider Buying and Selling

In related news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $717,379.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 268 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The disclosure for this sale can be found here. Insiders have sold 146,432 shares of company stock worth $84,762,938 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.4 %

Netflix stock traded up $2.62 during mid-day trading on Thursday, reaching $612.09. The stock had a trading volume of 2,062,033 shares, compared to its average volume of 4,378,251. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a fifty-two week low of $329.51 and a fifty-two week high of $639.00. The stock’s 50-day simple moving average is $603.11 and its 200-day simple moving average is $532.16. The firm has a market capitalization of $263.79 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the business posted $2.88 EPS. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal 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.