MRA Advisory Group Sells 52 Shares of Netflix, Inc. (NASDAQ:NFLX)

MRA Advisory Group decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 912 shares of the Internet television network’s stock after selling 52 shares during the quarter. MRA Advisory Group’s holdings in Netflix were worth $813,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NFLX. PCA Investment Advisory Services Inc. boosted its position in Netflix by 4.6% during the fourth quarter. PCA Investment Advisory Services Inc. now owns 455 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 20 shares during the period. Signal Advisors Wealth LLC boosted its holdings in Netflix by 112.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 791 shares of the Internet television network’s stock worth $705,000 after buying an additional 419 shares during the period. Traveka Wealth LLC grew its stake in Netflix by 2.7% in the 4th quarter. Traveka Wealth LLC now owns 1,501 shares of the Internet television network’s stock valued at $1,338,000 after buying an additional 39 shares in the last quarter. Tsfg LLC raised its holdings in Netflix by 9.5% during the 4th quarter. Tsfg LLC now owns 1,036 shares of the Internet television network’s stock valued at $923,000 after acquiring an additional 90 shares during the period. Finally, Signet Financial Management LLC lifted its position in shares of Netflix by 12.4% during the fourth quarter. Signet Financial Management LLC now owns 473 shares of the Internet television network’s stock worth $422,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday. Loop Capital lowered Netflix from a “buy” rating to a “hold” rating and lifted their target price for the company from $800.00 to $950.00 in a report on Monday, December 16th. The Goldman Sachs Group increased their price target on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Guggenheim increased their target price on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $832.94.

Insider Buying and Selling

In related news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This represents a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock worth $131,030,268 in the last three months. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $840.29 on Tuesday. The firm has a market capitalization of $359.19 billion, a price-to-earnings ratio of 47.55, a PEG ratio of 1.77 and a beta of 1.27. The stock has a fifty day moving average of $879.75 and a 200 day moving average of $754.88. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.