LM Advisors LLC Sells 750 Shares of Netflix, Inc. (NASDAQ:NFLX)

LM Advisors LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 57.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 550 shares of the Internet television network's stock after selling 750 shares during the period. LM Advisors LLC's holdings in Netflix were worth $490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the fourth quarter valued at about $873,000. 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 valued at $1,121,000 after buying an additional 12 shares during the last quarter. Haven Private LLC acquired a new position in shares of Netflix during the fourth quarter valued at about $733,000. Finally, Sigma Planning Corp grew its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after buying an additional 386 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NASDAQ:NFLX traded down $21.40 during trading hours on Thursday, hitting $1,187.15. 1,906,117 shares of the stock traded hands, compared to its average volume of 4,630,240. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,215.91. The stock has a 50 day moving average price of $1,050.92 and a 200 day moving average price of $969.04. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $505.22 billion, a price-to-earnings ratio of 59.85, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

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

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1,194.77, for a total transaction of $764,652.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,348 shares of company stock valued at $139,087,908. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NFLX. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. UBS Group reduced 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 report on Tuesday, April 15th. Citigroup restated a "neutral" rating on shares of Netflix in a report on Thursday. Morgan Stanley boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

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.