MRA Advisory Group Sells 52 Shares of Netflix, Inc. (NASDAQ:NFLX)

MRA Advisory Group decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 912 shares of the Internet television network’s stock after selling 52 shares during the period. MRA Advisory Group’s holdings in Netflix were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PCA Investment Advisory Services Inc. raised its stake in Netflix by 4.6% during the 4th quarter. PCA Investment Advisory Services Inc. now owns 455 shares of the Internet television network’s stock valued at $406,000 after buying an additional 20 shares during the last quarter. Signal Advisors Wealth LLC grew its holdings in shares of Netflix by 112.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 791 shares of the Internet television network’s stock worth $705,000 after acquiring an additional 419 shares during the period. Traveka Wealth LLC increased its position in Netflix by 2.7% during the fourth quarter. Traveka Wealth LLC now owns 1,501 shares of the Internet television network’s stock valued at $1,338,000 after acquiring an additional 39 shares during the last quarter. Tsfg LLC lifted its holdings in Netflix by 9.5% in the fourth quarter. Tsfg LLC now owns 1,036 shares of the Internet television network’s stock valued at $923,000 after acquiring an additional 90 shares during the period. Finally, Signet Financial Management LLC boosted its position in Netflix by 12.4% in the fourth quarter. Signet Financial Management LLC now owns 473 shares of the Internet television network’s stock worth $422,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock worth $131,030,268 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NFLX opened at $840.29 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average price of $879.75 and a 200-day moving average price of $754.88. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The stock has a market capitalization of $359.19 billion, a PE ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Oppenheimer increased their price target on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Bank of America upped their price objective on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Macquarie lifted their target price on Netflix from $795.00 to $965.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Argus boosted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $832.94.

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.