Doliver Advisors LP Sells 361 Shares of Netflix, Inc. (NASDAQ:NFLX)

Doliver Advisors LP trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 26.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,006 shares of the Internet television network’s stock after selling 361 shares during the period. Doliver Advisors LP’s holdings in Netflix were worth $897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Private Advisor Group LLC grew its stake in Netflix by 19.0% in the 2nd quarter. Private Advisor Group LLC now owns 23,750 shares of the Internet television network’s stock valued at $16,028,000 after purchasing an additional 3,793 shares during the period. Advisor OS LLC increased its holdings in Netflix by 6.7% during the second quarter. Advisor OS LLC now owns 1,028 shares of the Internet television network’s stock worth $694,000 after buying an additional 65 shares during the last quarter. Hanlon Investment Management Inc. purchased a new stake in Netflix during the second quarter worth about $209,000. SRS Capital Advisors Inc. raised its position in Netflix by 22.8% in the second quarter. SRS Capital Advisors Inc. now owns 1,092 shares of the Internet television network’s stock worth $737,000 after acquiring an additional 203 shares during the period. Finally, Umpqua Bank boosted its stake in Netflix by 11.1% in the second quarter. Umpqua Bank now owns 1,836 shares of the Internet television network’s stock valued at $1,239,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock traded down $7.56 during trading on Monday, hitting $873.49. 2,092,218 shares of the stock traded hands, compared to its average volume of 2,425,585. The stock has a market cap of $373.38 billion, a price-to-earnings ratio of 49.43, a PEG ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52 week low of $472.95 and a 52 week high of $941.75. The firm’s fifty day moving average is $866.57 and its 200-day moving average is $746.99.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Research analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 150,761 shares of company stock valued at $125,713,484. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. Bank of America lifted their price target on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on Netflix from $850.00 to $1,010.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays reiterated an “underweight” rating and set a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, KeyCorp increased their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $821.27.

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.