Zeke Capital Advisors LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,891 shares of the Internet television network’s stock after selling 456 shares during the period. Zeke Capital Advisors LLC’s holdings in Netflix were worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alpine Global Management LLC acquired a new position in shares of Netflix during the 4th quarter valued at $5,881,000. Lineweaver Wealth Advisors LLC bought a new stake in shares of Netflix in the 4th quarter worth $310,000. Moseley Investment Management Inc. lifted its holdings in shares of Netflix by 11.6% in the fourth quarter. Moseley Investment Management Inc. now owns 2,186 shares of the Internet television network’s stock valued at $707,000 after buying an additional 227 shares during the period. Gradient Investments LLC lifted its holdings in shares of Netflix by 21.8% in the fourth quarter. Gradient Investments LLC now owns 9,412 shares of the Internet television network’s stock valued at $3,045,000 after buying an additional 1,683 shares during the period. Finally, Coastline Trust Co lifted its holdings in shares of Netflix by 4.1% in the fourth quarter. Coastline Trust Co now owns 12,132 shares of the Internet television network’s stock valued at $3,926,000 after buying an additional 474 shares during the period. Institutional investors and hedge funds own 80.80% of the company’s stock.
Several brokerages have recently weighed in on NFLX. Aegis restated a “hold” rating and issued a $275.00 price objective on shares of Netflix in a report on Tuesday, October 22nd. Pivotal Research upped their price objective on Netflix from $400.00 to $425.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Rosenblatt Securities restated a “hold” rating and issued a $265.00 price objective on shares of Netflix in a report on Tuesday, December 17th. Needham & Company LLC lowered Netflix from a “hold” rating to an “underperform” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird cut their price objective on Netflix from $370.00 to $300.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Netflix has a consensus rating of “Hold” and a consensus target price of $374.29.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.42. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.25 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, equities research analysts predict that Netflix, Inc. will post 3.33 EPS for the current fiscal year.
In related news, CEO Reed Hastings sold 54,516 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $312.04, for a total value of $17,011,172.64. Following the completion of the sale, the chief executive officer now owns 54,516 shares in the company, valued at approximately $17,011,172.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.29% of the stock is currently owned by corporate insiders.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
Recommended Story: Book Value Of Equity Per Share – BVPS Explained
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.