Pinnacle Wealth Planning Services Inc. Sells 556 Shares of Netflix, Inc. (NASDAQ:NFLX)

Pinnacle Wealth Planning Services Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,437 shares of the Internet television network's stock after selling 556 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in Netflix were worth $2,172,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. LifeWealth Investments LLC bought a new position in shares of Netflix in the 4th quarter worth $425,000. Lakeshore Capital Group Inc. purchased a new stake in Netflix during the 4th quarter valued at $1,427,000. Heck Capital Advisors LLC purchased a new stake in Netflix during the 4th quarter valued at $446,000. Armis Advisers LLC purchased a new stake in shares of Netflix in the 4th quarter worth about $387,000. Finally, Integrated Advisors Network LLC lifted its position in shares of 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 purchasing an additional 175 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX traded up $26.18 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 current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $1,040.74 and a two-hundred day moving average of $965.67. The firm 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. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.79.

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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NFLX shares. Morgan Stanley lifted their price target 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 set a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock valued at $138,483,256 over the last three months. Insiders own 1.37% of the company's stock.

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.