Focus Financial Network Inc. Sells 46 Shares of Netflix, Inc. (NASDAQ:NFLX)

Focus Financial Network Inc. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,621 shares of the Internet television network’s stock after selling 46 shares during the period. Focus Financial Network Inc.’s holdings in Netflix were worth $2,336,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter worth approximately $25,000. Newton One Investments LLC bought a new position in Netflix in the fourth quarter worth approximately $34,000. Pineridge Advisors LLC raised its stake in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Macquarie upped their price target on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Oppenheimer upped their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, UBS Group upped their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Transactions 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 value of $2,609,586.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,809 shares of company stock valued at $290,374,484 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ:NFLX opened at $1,008.08 on Wednesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,032.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $431.22 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 2.11 and a beta of 1.27. The firm’s fifty day moving average is $919.96 and its two-hundred day moving average is $795.06.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the company posted $2.11 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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.