Whalen Wealth Management Inc. Trims Position in Netflix, Inc. (NASDAQ:NFLX)

Whalen Wealth Management Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 47.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,324 shares of the Internet television network’s stock after selling 1,172 shares during the period. Netflix comprises approximately 0.8% of Whalen Wealth Management Inc.’s holdings, making the stock its 23rd biggest holding. Whalen Wealth Management Inc.’s holdings in Netflix were worth $1,180,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Burr Financial Services LLC acquired a new position in shares of Netflix during the 4th quarter valued at about $2,598,000. MinichMacGregor Wealth Management LLC grew its holdings in Netflix by 22.1% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 375 shares of the Internet television network’s stock valued at $334,000 after purchasing an additional 68 shares during the period. Raleigh Capital Management Inc. increased its position in Netflix by 10.9% during the fourth quarter. Raleigh Capital Management Inc. now owns 815 shares of the Internet television network’s stock worth $727,000 after purchasing an additional 80 shares during the last quarter. D.B. Root & Company LLC raised its stake in Netflix by 4.1% during the fourth quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock worth $295,000 after purchasing an additional 13 shares during the period. Finally, Echo45 Advisors LLC acquired a new position in shares of Netflix in the 4th quarter valued at $269,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX opened at $953.99 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12-month low of $481.40 and a 12-month high of $999.00. The business’s fifty day moving average price is $889.11 and its 200 day moving average price is $763.41. The stock has a market capitalization of $407.79 billion, a PE ratio of 48.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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 39.48%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the previous year, the business posted $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 23.43 EPS for the current year.

Insider Buying and Selling

In other news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NFLX. Oppenheimer increased their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Evercore ISI raised their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and raised their price target for the company from $680.00 to $1,494.00 in a report on Wednesday. Finally, Needham & Company LLC boosted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $996.94.

About Netflix

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.