Great Diamond Partners LLC Decreases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Great Diamond Partners LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,797 shares of the Internet television network’s stock after selling 43 shares during the quarter. Great Diamond Partners LLC’s holdings in Netflix were worth $1,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Caprock Group LLC raised its holdings in shares of Netflix by 3.9% in the 4th quarter. Caprock Group LLC now owns 17,745 shares of the Internet television network’s stock worth $15,817,000 after purchasing an additional 661 shares during the period. New Wave Wealth Advisors LLC increased its position in Netflix by 5.7% in the fourth quarter. New Wave Wealth Advisors LLC now owns 1,754 shares of the Internet television network’s stock worth $1,563,000 after buying an additional 95 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Netflix by 1.6% in the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after buying an additional 11 shares during the period. Alta Wealth Advisors LLC lifted its position in shares of Netflix by 3.6% during the 4th quarter. Alta Wealth Advisors LLC now owns 493 shares of the Internet television network’s stock valued at $439,000 after buying an additional 17 shares during the last quarter. Finally, Hansen & Associates Financial Group Inc. bought a new position in shares of Netflix during the 4th quarter worth $7,832,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

Shares of Netflix stock opened at $976.76 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a fifty day moving average of $903.09 and a 200-day moving average of $775.54. The stock has a market capitalization of $417.82 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders have sold a total of 105,516 shares of company stock worth $92,377,637 in the last ninety days. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. TD Cowen boosted their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Pivotal Research raised their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.