Family Investment Center Inc. Sells 71 Shares of Netflix, Inc. (NASDAQ:NFLX)

Family Investment Center Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 459 shares of the Internet television network’s stock after selling 71 shares during the period. Family Investment Center Inc.’s holdings in Netflix were worth $409,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. FSM Wealth Advisors LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $231,000. HHM Wealth Advisors LLC increased its stake in Netflix by 117.6% during the 4th quarter. HHM Wealth Advisors LLC now owns 1,360 shares of the Internet television network’s stock valued at $1,212,000 after purchasing an additional 735 shares in the last quarter. CFM Wealth Partners LLC raised its holdings in shares of Netflix by 16.2% in the fourth quarter. CFM Wealth Partners LLC now owns 5,114 shares of the Internet television network’s stock worth $4,558,000 after buying an additional 713 shares during the last quarter. Adamsbrown Wealth Consultants LLC lifted its stake in shares of Netflix by 5.8% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 492 shares of the Internet television network’s stock worth $439,000 after buying an additional 27 shares during the period. Finally, Stock Yards Bank & Trust Co. grew its holdings in shares of Netflix by 3.8% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 2,605 shares of the Internet television network’s stock valued at $2,322,000 after buying an additional 95 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NFLX opened at $976.76 on Monday. The firm has a market capitalization of $417.82 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The stock has a 50 day moving average price of $904.67 and a two-hundred day moving average price of $778.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its 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 company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Oppenheimer raised their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America upped their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and boosted their target price for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, Citigroup increased their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock 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.