Valicenti Advisory Services Inc. Sells 284 Shares of Netflix, Inc. (NASDAQ:NFLX)

Valicenti Advisory Services Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,898 shares of the Internet television network’s stock after selling 284 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Netflix were worth $2,583,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during 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 purchasing an additional 42 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in Netflix during the 4th quarter worth approximately $43,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix in the third quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $984.04 on Wednesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market cap of $420.64 billion, a P/E ratio of 49.60, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a 50 day moving average of $899.64 and a 200 day moving average of $772.71.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.11 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NFLX. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and increased their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Needham & Company LLC upped 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. JPMorgan Chase & Co. lifted their target price 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insiders Place Their Bets

In other news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,117 shares of company stock worth $123,913,691 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix 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.