Integrated Investment Consultants LLC Sells 27 Shares of Netflix, Inc. (NASDAQ:NFLX)

Integrated Investment Consultants LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334 shares of the Internet television network’s stock after selling 27 shares during the period. Integrated Investment Consultants LLC’s holdings in Netflix were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter valued at approximately $40,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 152,198 shares of company stock valued at $127,616,898. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.9 %

Shares of Netflix stock opened at $858.10 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day moving average price of $884.58 and a 200 day moving average price of $758.48. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The stock has a market cap of $366.80 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NFLX. Pivotal Research increased their price objective on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Jefferies Financial Group increased their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Bank of America increased their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets raised their target price on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

About Netflix

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.