Legal Advantage Investments Inc. Sells 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Legal Advantage Investments Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,377 shares of the Internet television network’s stock after selling 50 shares during the period. Netflix comprises 1.6% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 21st biggest position. Legal Advantage Investments Inc.’s holdings in Netflix were worth $3,010,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NFLX. Advisory Resource Group increased its holdings in shares of Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares during the period. Insight Wealth Strategies LLC increased its holdings in shares of Netflix by 1.9% during the fourth 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 during the period. Sunflower Bank N.A. increased its holdings in shares of Netflix by 2.1% during the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock worth $513,000 after purchasing an additional 12 shares during the period. New World Advisors LLC increased its stake in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network’s stock valued at $508,000 after acquiring an additional 14 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Barclays lifted their price target on shares of Netflix from $550.00 to $715.00 and gave the stock an “underweight” rating in a report on Tuesday, January 14th. UBS Group lifted their price target on shares of Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut their price target on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $845.06.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $858.10 on Tuesday. The company’s 50 day simple moving average is $884.58 and its two-hundred day simple moving average is $759.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75.

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.