Fox Hill Wealth Management Has $5.13 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fox Hill Wealth Management lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,753 shares of the Internet television network’s stock after selling 369 shares during the quarter. Netflix accounts for approximately 2.9% of Fox Hill Wealth Management’s portfolio, making the stock its 7th largest position. Fox Hill Wealth Management’s holdings in Netflix were worth $5,128,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NFLX. Swedbank AB grew its position in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the period. Principal Financial Group Inc. grew its position in Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the period. Thrivent Financial for Lutherans grew its position in Netflix by 6.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 70,276 shares of the Internet television network’s stock valued at $49,844,000 after purchasing an additional 4,348 shares during the period. Quest Partners LLC boosted its holdings in Netflix by 191.8% during the 3rd quarter. Quest Partners LLC now owns 2,760 shares of the Internet television network’s stock worth $1,958,000 after acquiring an additional 1,814 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $101,241.12. This represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 over the last three months. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Down 2.1 %

Shares of NFLX opened at $929.98 on Wednesday. The business’s 50-day moving average price is $953.42 and its 200-day moving average price is $853.33. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock has a market cap of $397.81 billion, a PE ratio of 46.90, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Analyst Ratings Changes

NFLX has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating on shares of Netflix in a report on Monday, March 10th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Argus lifted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,016.78.

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.