Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Crumly & Associates Inc.

Crumly & Associates Inc. trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,015 shares of the Internet television network’s stock after selling 57 shares during the period. Crumly & Associates Inc.’s holdings in Netflix were worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Bradley Foster & Sargent Inc. CT lifted its holdings in Netflix by 6.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,669 shares of the Internet television network’s stock valued at $1,488,000 after purchasing an additional 102 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Netflix by 0.7% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 3,059 shares of the Internet television network’s stock valued at $2,727,000 after purchasing an additional 20 shares in the last quarter. Arcadia Investment Management Corp MI lifted its holdings in Netflix by 4.6% in the 4th quarter. Arcadia Investment Management Corp MI now owns 824 shares of the Internet television network’s stock valued at $734,000 after purchasing an additional 36 shares in the last quarter. Compass Capital Corp MA ADV purchased a new position in shares of Netflix during the 4th quarter worth about $1,248,000. Finally, Cordatus Wealth Management LLC lifted its holdings in shares of Netflix by 2.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 3,084 shares of the Internet television network’s stock worth $2,749,000 after acquiring an additional 68 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

NFLX stock opened at $1,024.54 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $438.26 billion, a price-to-earnings ratio of 51.67, a PEG ratio of 2.16 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock’s fifty day moving average is $938.86 and its two-hundred day moving average is $815.63.

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

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Needham & Company LLC raised their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Ten equities 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. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Company 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.