Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,821 shares of the Internet television network’s stock after selling 64 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Netflix were worth $3,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Netflix during the fourth quarter worth $43,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter valued at $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix in the third quarter valued at $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. Needham & Company LLC raised their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America raised their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday. The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

Netflix stock opened at $977.59 on Friday. The firm has a 50 day simple moving average of $895.13 and a 200-day simple moving average of $766.98. The stock has a market cap of $417.88 billion, a price-to-earnings ratio of 49.30, a price-to-earnings-growth ratio of 1.53 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 1.13. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts expect that Netflix, Inc. will post 23.72 EPS for the current year.

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.