Northern Financial Advisors Inc Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Northern Financial Advisors Inc trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,264 shares of the Internet television network’s stock after selling 292 shares during the quarter. Netflix makes up approximately 3.0% of Northern Financial Advisors Inc’s holdings, making the stock its 5th biggest position. Northern Financial Advisors Inc’s holdings in Netflix were worth $3,801,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix in the third quarter worth about $25,000. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 worth $34,000 after acquiring an additional 42 shares during the last quarter. Newton One Investments LLC purchased a new stake in shares of Netflix during the 4th quarter worth approximately $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the 3rd quarter valued at approximately $37,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 1.6 %

NASDAQ:NFLX opened at $1,043.69 on Friday. The firm has a 50-day simple moving average of $924.40 and a 200-day simple moving average of $799.32. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,045.99. The firm has a market cap of $446.45 billion, a P/E ratio of 52.63, a P/E/G ratio of 2.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued 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. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 303,809 shares of company stock valued at $290,374,484. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NFLX. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Finally, Guggenheim raised their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.