Centaurus Financial Inc. Has $1.27 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Centaurus Financial Inc. reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 25.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,602 shares of the Internet television network’s stock after selling 878 shares during the period. Centaurus Financial Inc.’s holdings in Netflix were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Columbia Trust Co 01012016 boosted its position in Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its stake in shares of Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares in the last quarter. Venture Visionary Partners LLC lifted its holdings in shares of Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares in the last quarter. Finally, Malaga Cove Capital LLC increased its holdings in Netflix by 25.4% in the fourth quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock worth $761,000 after buying an additional 316 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on NFLX. Guggenheim boosted their target price on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price objective on shares of Netflix in a report on Friday, May 17th. Rosenblatt Securities raised their target price on Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Jefferies Financial Group reiterated a “buy” rating and set a $655.00 price target on shares of Netflix in a research note on Wednesday, May 15th. Finally, Citigroup increased their price objective on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $632.06.

Netflix Price Performance

NASDAQ NFLX traded up $16.12 on Friday, reaching $669.38. The company’s stock had a trading volume of 4,447,116 shares, compared to its average volume of 2,549,279. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $675.58. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market cap of $288.50 billion, a PE ratio of 46.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. The business has a 50-day moving average price of $615.54 and a 200 day moving average price of $569.03.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.88 EPS. Sell-side analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The disclosure for this sale can be found here. Insiders sold 69,994 shares of company stock worth $42,036,266 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

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.