Appleton Partners Inc. MA Cuts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Appleton Partners Inc. MA cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,726 shares of the Internet television network’s stock after selling 913 shares during the quarter. Netflix accounts for approximately 1.2% of Appleton Partners Inc. MA’s holdings, making the stock its 17th biggest position. Appleton Partners Inc. MA’s holdings in Netflix were worth $16,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Golden State Wealth Management LLC acquired a new position in Netflix during the 4th quarter worth approximately $971,000. SMART Wealth LLC boosted its stake in shares of Netflix by 67.1% in the fourth quarter. SMART Wealth LLC now owns 974 shares of the Internet television network’s stock valued at $868,000 after buying an additional 391 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in Netflix by 1.9% during the fourth quarter. Global X Japan Co. Ltd. now owns 10,392 shares of the Internet television network’s stock worth $9,263,000 after acquiring an additional 193 shares during the period. Fairvoy Private Wealth LLC purchased a new position in Netflix in the fourth quarter worth $406,000. Finally, Ameliora Wealth Management Ltd. lifted its holdings in Netflix by 950.0% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 525 shares of the Internet television network’s stock valued at $468,000 after acquiring an additional 475 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent analyst reports. Needham & Company LLC upped their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Morgan Stanley raised their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $1,013.93 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $433.72 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,027.76. The company has a 50 day moving average price of $914.82 and a 200 day moving average price of $787.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $2.11 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,434 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,144,250. This represents a 25.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 299,517 shares of company stock worth $285,805,037 in the last three months. 1.76% of the stock is currently owned by company insiders.

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.