Fairhaven Wealth Management LLC Sells 57 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fairhaven Wealth Management LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.3% in the 4th quarter, HoldingsChannel reports. The firm owned 272 shares of the Internet television network’s stock after selling 57 shares during the period. Fairhaven Wealth Management LLC’s holdings in Netflix were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Sierra Capital LLC increased its stake in Netflix by 3.9% in the fourth quarter. Sierra Capital LLC now owns 1,126 shares of the Internet television network’s stock valued at $1,004,000 after acquiring an additional 42 shares during the last quarter. Brown Financial Advisors boosted its holdings in shares of Netflix by 0.8% in the 4th quarter. Brown Financial Advisors now owns 1,345 shares of the Internet television network’s stock worth $1,199,000 after purchasing an additional 11 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of Netflix in the 4th quarter worth about $402,000. Quartz Partners LLC increased its position in shares of Netflix by 11.5% during the 4th quarter. Quartz Partners LLC now owns 823 shares of the Internet television network’s stock valued at $734,000 after purchasing an additional 85 shares during the last quarter. Finally, Wealthstream Advisors Inc. raised its holdings in shares of Netflix by 3.2% during the 4th quarter. Wealthstream Advisors Inc. now owns 991 shares of the Internet television network’s stock valued at $883,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research reports. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research note 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 for the company in a report on Thursday, January 23rd. Pivotal Research increased their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Bank of America boosted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Citigroup upped their price target on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock valued at $289,856,164 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 1.5 %

NASDAQ NFLX opened at $988.47 on Tuesday. The firm has a market capitalization of $422.82 billion, a PE ratio of 49.85, a P/E/G ratio of 2.12 and a beta of 1.27. The stock’s 50 day moving average is $941.89 and its 200 day moving average is $823.89. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. 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 announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.11 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.