Financial Sense Advisors Inc. Reduces Holdings in Netflix, Inc. (NFLX)

Financial Sense Advisors Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,217 shares of the Internet television network’s stock after selling 1,054 shares during the quarter. Financial Sense Advisors Inc.’s holdings in Netflix were worth $234,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Balentine LLC increased its stake in Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the period. Duncker Streett & Co. Inc. increased its stake in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares during the period. Crewe Advisors LLC acquired a new position in Netflix in the 4th quarter valued at approximately $149,000. Goodman Financial Corp acquired a new position in Netflix in the 4th quarter valued at approximately $163,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at approximately $171,000. Hedge funds and other institutional investors own 82.23% of the company’s stock.

Several research analysts have weighed in on NFLX shares. Loop Capital reiterated a “buy” rating and issued a $237.00 price objective on shares of Netflix in a research note on Thursday, October 26th. B. Riley reiterated a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday, November 28th. Finally, Vetr upgraded shares of Netflix from a “buy” rating to a “strong-buy” rating and set a $211.28 price target on the stock in a research note on Wednesday, November 29th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $239.39.

Netflix, Inc. (NASDAQ NFLX) opened at $278.52 on Tuesday. The company has a market cap of $120,863.31, a PE ratio of 222.82, a PEG ratio of 3.82 and a beta of 1.04. Netflix, Inc. has a 1-year low of $138.26 and a 1-year high of $286.81. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. research analysts anticipate that Netflix, Inc. will post 2.73 earnings per share for the current fiscal year.

In related news, Director A George Battle sold 10,716 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the completion of the sale, the director now owns 2,575 shares in the company, valued at approximately $665,611.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Friedland sold 2,743 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37. Following the sale, the insider now owns 1,147 shares of the company’s stock, valued at approximately $235,811.73. The disclosure for this sale can be found here. Insiders have sold a total of 393,658 shares of company stock valued at $92,837,864 over the last ninety days. 4.90% of the stock is owned by insiders.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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