First Command Advisory Services Inc. Trims Position in Netflix, Inc. (NASDAQ:NFLX)

First Command Advisory Services Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 778 shares of the Internet television network’s stock after selling 68 shares during the period. First Command Advisory Services Inc.’s holdings in Netflix were worth $693,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its holdings in Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after buying an additional 1,924,423 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Netflix by 2.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 29,515 shares of the Internet television network’s stock valued at $26,307,000 after purchasing an additional 765 shares during the period. Kovack Advisors Inc. raised its stake in Netflix by 4.8% during the fourth quarter. Kovack Advisors Inc. now owns 2,224 shares of the Internet television network’s stock worth $1,982,000 after purchasing an additional 101 shares during the period. WT Wealth Management boosted its holdings in shares of Netflix by 2.4% in the 4th quarter. WT Wealth Management now owns 3,438 shares of the Internet television network’s stock valued at $3,064,000 after purchasing an additional 81 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Netflix by 2.4% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 173,200 shares of the Internet television network’s stock valued at $154,377,000 after purchasing an additional 4,000 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock valued at $289,856,164 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NASDAQ NFLX opened at $990.06 on Thursday. The firm has a market capitalization of $423.51 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth 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. The company has a 50 day simple moving average of $945.07 and a 200-day simple moving average of $827.46. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on NFLX. Needham & Company LLC increased their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a report on Thursday, January 23rd. Finally, Wedbush restated an “outperform” rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten equities research 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 company’s stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix 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.