LM Advisors LLC Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

LM Advisors LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 57.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Lakeshore Capital Group Inc. bought a new position in Netflix in the 4th quarter worth about $1,427,000. Heck Capital Advisors LLC bought a new position in Netflix in the 4th quarter worth about $446,000. Armis Advisers LLC purchased a new position in Netflix in the 4th quarter worth about $387,000. Integrated Advisors Network LLC raised its position in Netflix by 2.4% in the 4th quarter. Integrated Advisors Network LLC now owns 7,383 shares of the Internet television network's stock worth $6,581,000 after buying an additional 175 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its position in Netflix by 270.4% in the 4th quarter. Polar Asset Management Partners Inc. now owns 26,300 shares of the Internet television network's stock worth $23,442,000 after buying an additional 19,200 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Up 2.2%

Shares of NASDAQ NFLX traded up $26.18 during midday trading on Tuesday, hitting $1,211.57. 2,916,636 shares of the company's stock were exchanged, compared to its average volume of 3,754,011. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.79. The company has a market cap of $515.61 billion, a PE ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. The firm's fifty day simple moving average is $1,040.74 and its 200-day simple moving average is $965.67.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $8.28 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director now owns 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 over the last quarter. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Oppenheimer reissued an "outperform" rating and issued a $1,200.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Citigroup reissued a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Finally, Wells Fargo & Company boosted their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.