Circle Wealth Management LLC Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Circle Wealth Management LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,814 shares of the Internet television network's stock after selling 284 shares during the quarter. Circle Wealth Management LLC's holdings in Netflix were worth $6,073,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First National Trust Co grew its holdings in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC acquired a new stake in Netflix during the 4th quarter worth approximately $733,000. Sigma Planning Corp grew its holdings in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after acquiring an additional 386 shares during the last quarter. Quilter Plc increased its position in Netflix by 8.2% in the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after acquiring an additional 10,946 shares during the period. Finally, Unified Investment Management bought a new position in shares of Netflix during the fourth quarter valued at $526,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFLX. JPMorgan Chase & Co. lifted their target price on Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. UBS Group decreased their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

Netflix Stock Performance

Shares of NFLX traded down $4.62 during trading hours on Friday, hitting $1,139.81. The company's stock had a trading volume of 2,565,837 shares, compared to its average volume of 3,735,715. The company has a market cap of $485.07 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $984.97 and a two-hundred day simple moving average of $931.79. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,164.00.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the business posted $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,530 shares of company stock worth $137,602,751 over the last ninety days. Company insiders own 1.76% of the company's stock.

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.