Wakefield Asset Management LLLP Sells 1,438 Shares of Netflix, Inc. (NASDAQ:NFLX)

Wakefield Asset Management LLLP trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,886 shares of the Internet television network’s stock after selling 1,438 shares during the quarter. Netflix accounts for 1.2% of Wakefield Asset Management LLLP’s holdings, making the stock its 28th largest holding. Wakefield Asset Management LLLP’s holdings in Netflix were worth $3,464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fusion Capital LLC boosted its stake in shares of Netflix by 1.9% in the 4th quarter. Fusion Capital LLC now owns 754 shares of the Internet television network’s stock valued at $672,000 after purchasing an additional 14 shares in the last quarter. Fort Sheridan Advisors LLC lifted its stake in Netflix by 15.6% in the 4th quarter. Fort Sheridan Advisors LLC now owns 742 shares of the Internet television network’s stock valued at $661,000 after purchasing an additional 100 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Netflix by 7.1% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 750 shares of the Internet television network’s stock valued at $668,000 after buying an additional 50 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Netflix by 7.3% during the fourth quarter. QRG Capital Management Inc. now owns 95,563 shares of the Internet television network’s stock worth $85,177,000 after buying an additional 6,518 shares during the last quarter. Finally, Brueske Advisory Services LLC bought a new stake in shares of Netflix during the fourth quarter worth $934,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 303,380 shares of company stock valued at $290,016,164. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $963.07 on Friday. The company has a fifty day moving average price of $946.29 and a 200-day moving average price of $828.40. The firm has a market cap of $411.96 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Guggenheim raised 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 equities research 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 company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average 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.