Heritage Wealth Partners LLC Trims Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Heritage Wealth Partners LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 689 shares of the Internet television network’s stock after selling 85 shares during the quarter. Heritage Wealth Partners LLC’s holdings in Netflix were worth $614,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NFLX. Advisory Resource Group lifted its position in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares during the period. Insight Wealth Strategies LLC boosted its position in shares of Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after purchasing an additional 12 shares in the last quarter. New World Advisors LLC grew its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after buying an additional 14 shares during the last quarter. Heartland Bank & Trust Co raised its stake in Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the last quarter. Finally, Cedrus LLC boosted its holdings in Netflix by 0.8% in the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.3 %

Shares of Netflix stock traded up $2.60 during trading on Monday, hitting $840.29. The stock had a trading volume of 2,952,269 shares, compared to its average volume of 2,950,649. The stock has a market cap of $359.19 billion, a PE ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12 month low of $475.26 and a 12 month high of $941.75. The firm’s fifty day simple moving average is $878.06 and its 200-day simple moving average is $753.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, sell-side analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Argus raised their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Benchmark increased their price target on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a report on Friday, January 3rd. UBS Group upped their price objective on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Pivotal Research lifted their target price on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $832.94.

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.