Intellectus Partners LLC Sells 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

Intellectus Partners LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,195 shares of the Internet television network’s stock after selling 20 shares during the period. Intellectus Partners LLC’s holdings in Netflix were worth $2,848,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NFLX. Swedbank AB boosted its holdings in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares during the period. M&G PLC lifted its position in shares of Netflix by 40.8% during the third quarter. M&G PLC now owns 24,768 shares of the Internet television network’s stock worth $17,561,000 after acquiring an additional 7,182 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Netflix in the third quarter valued at $344,000. Walkner Condon Financial Advisors LLC grew its position in shares of Netflix by 4.9% in the third quarter. Walkner Condon Financial Advisors LLC now owns 703 shares of the Internet television network’s stock valued at $499,000 after purchasing an additional 33 shares in the last quarter. Finally, Cozad Asset Management Inc. raised its stake in shares of Netflix by 4.3% during the 3rd quarter. Cozad Asset Management Inc. now owns 917 shares of the Internet television network’s stock valued at $650,000 after purchasing an additional 38 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFLX. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Argus boosted their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Ten 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, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Price Performance

NFLX stock opened at $891.11 on Friday. The stock has a market capitalization of $381.18 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 2.12 and a beta of 1.38. The firm’s 50-day moving average price is $950.26 and its two-hundred day moving average price is $840.53. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business earned $2.11 EPS. Netflix’s revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company’s stock.

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.