Strengthening Families & Communities LLC Sells 11 Shares of Netflix, Inc. (NASDAQ:NFLX)

Strengthening Families & Communities LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,295 shares of the Internet television network’s stock after selling 11 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Netflix were worth $1,154,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB increased its stake in Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares during the period. Natixis Advisors LLC increased its position in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after buying an additional 11,921 shares in the last quarter. M&T Bank Corp raised its stake in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Netflix in the third quarter worth approximately $1,517,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Pivotal Research upped their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

NFLX opened at $1,027.60 on Tuesday. The firm has a 50-day moving average price of $917.36 and a 200-day moving average price of $792.29. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,032.85. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $439.57 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 298,870 shares of company stock worth $285,287,314. 1.76% of the stock is owned by corporate insiders.

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.