Netflix, Inc. (NFLX) Stake Lowered by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 22.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,300 shares of the Internet television network’s stock after selling 950 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Netflix were worth $633,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Balentine LLC increased its position in Netflix by 1,020.4% during the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock worth $100,000 after buying an additional 500 shares during the period. Aviance Capital Management LLC acquired a new position in Netflix during the second quarter worth approximately $137,000. Harfst & Associates Inc. increased its position in Netflix by 36.8% during the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock worth $151,000 after buying an additional 273 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Netflix during the third quarter worth approximately $171,000. Finally, Grove Bank & Trust increased its position in Netflix by 249.6% during the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock worth $174,000 after buying an additional 684 shares during the period. Institutional investors and hedge funds own 82.71% of the company’s stock.

Several research analysts have commented on NFLX shares. MKM Partners lifted their price target on Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Bank of America boosted their target price on Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $200.00 to $220.00 in a report on Tuesday, January 2nd. Goldman Sachs Group set a $250.00 price objective on Netflix and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $219.00 price objective on the stock in a report on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $237.39.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $0.63 during mid-day trading on Friday, hitting $249.47. The stock had a trading volume of 16,282,837 shares, compared to its average volume of 11,070,000. Netflix, Inc. has a one year low of $138.26 and a one year high of $286.81. The firm has a market cap of $108,260.00, a PE ratio of 199.58, a PEG ratio of 3.48 and a beta of 1.04. 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 issued its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the firm earned $0.15 EPS. sell-side analysts predict that Netflix, Inc. will post 2.69 EPS for the current year.

In other news, Director Richard N. Barton sold 350 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the sale, the director now owns 7,171 shares of the company’s stock, valued at $1,331,726.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Theodore A. Sarandos sold 163,747 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the sale, the insider now directly owns 23,953 shares of the company’s stock, valued at approximately $6,297,483.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 460,885 shares of company stock valued at $105,354,747. Corporate insiders own 4.90% of the company’s stock.

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Netflix Company Profile

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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