Pine Valley Investments Ltd Liability Co Sells 233 Shares of Netflix, Inc. (NASDAQ:NFLX)

Pine Valley Investments Ltd Liability Co lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,960 shares of the Internet television network’s stock after selling 233 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Netflix were worth $5,312,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NFLX. BankPlus Trust Department acquired a new position in Netflix during the fourth quarter worth $402,000. Quartz Partners LLC lifted its position in Netflix by 11.5% during the 4th quarter. Quartz Partners LLC now owns 823 shares of the Internet television network’s stock worth $734,000 after buying an additional 85 shares in the last quarter. Wealthstream Advisors Inc. lifted its position in Netflix by 3.2% during the 4th quarter. Wealthstream Advisors Inc. now owns 991 shares of the Internet television network’s stock worth $883,000 after buying an additional 31 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of Netflix by 6.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 3,217 shares of the Internet television network’s stock worth $2,867,000 after buying an additional 190 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Netflix by 20.9% in the 4th quarter. IFP Advisors Inc now owns 4,589 shares of the Internet television network’s stock valued at $4,091,000 after acquiring an additional 792 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $988.47 on Tuesday. The firm has a 50-day moving average price of $941.89 and a two-hundred day moving average price of $823.89. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a market capitalization of $422.82 billion, a P/E ratio of 49.85, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the company’s 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 completion of the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NFLX. Needham & Company LLC upped their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Finally, Guggenheim increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.