Independent Solutions Wealth Management LLC Sells 30 Shares of Netflix, Inc. (NASDAQ:NFLX)

Independent Solutions Wealth Management LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,101 shares of the Internet television network’s stock after selling 30 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Netflix were worth $1,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the third quarter valued at $25,000. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $34,000. Pineridge Advisors LLC grew its stake in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in Netflix in the third quarter worth approximately $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by insiders.

Netflix Trading Down 0.9 %

Shares of NFLX stock opened at $950.84 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $406.73 billion, a P/E ratio of 47.95, a PEG ratio of 2.12 and a beta of 1.38. The company has a 50 day moving average of $956.63 and a 200-day moving average of $854.74. 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 data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NFLX. Needham & Company LLC raised their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Oppenheimer raised their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,016.78.

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.