Netflix, Inc. (NASDAQ:NFLX) Position Decreased by Bogart Wealth LLC

Bogart Wealth LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,091 shares of the Internet television network’s stock after selling 3,906 shares during the period. Bogart Wealth LLC’s holdings in Netflix were worth $13,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Catalyst Financial Partners LLC boosted its position in shares of Netflix by 3.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,834 shares of the Internet television network’s stock valued at $1,635,000 after purchasing an additional 54 shares in the last quarter. Manchester Financial Inc. bought a new position in shares of Netflix during the 4th quarter valued at about $213,000. Asset Management One Co. Ltd. boosted its position in shares of Netflix by 6.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 206,165 shares of the Internet television network’s stock valued at $187,105,000 after purchasing an additional 12,667 shares in the last quarter. Aljian Capital Management LLC boosted its position in shares of Netflix by 18.4% during the 4th quarter. Aljian Capital Management LLC now owns 9,887 shares of the Internet television network’s stock valued at $8,812,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NFLX shares. 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 research report on Thursday, January 23rd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Argus upped their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 303,809 shares of company stock worth $290,374,484. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.6 %

Shares of Netflix stock opened at $1,043.69 on Friday. The company’s fifty day simple moving average is $924.40 and its 200-day simple moving average is $799.32. The company has a market cap of $446.45 billion, a price-to-earnings ratio of 52.63, a PEG ratio of 2.11 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,045.99.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 earnings per share. As a group, sell-side 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.