Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 145 Shares of Netflix, Inc. (NASDAQ:NFLX)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,097 shares of the Internet television network’s stock after selling 145 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Netflix were worth $8,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Netflix in the 4th quarter worth $43,000. MidAtlantic Capital Management Inc. bought a new position in Netflix during the 3rd quarter worth about $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,117 shares of company stock valued at $123,913,691. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Pivotal Research increased their price objective on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. KeyCorp raised their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Trading Down 0.7 %

Shares of Netflix stock opened at $977.59 on Monday. The company has a quick ratio of 1.13, a current 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 $999.00. The company has a market capitalization of $417.88 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The firm’s 50-day moving average price is $895.13 and its two-hundred day moving average price is $767.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter last year, the business posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Netflix Company Profile

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.