Snowden Capital Advisors LLC Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Snowden Capital Advisors LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,393 shares of the Internet television network's stock after selling 6,782 shares during the period. Snowden Capital Advisors LLC's holdings in Netflix were worth $11,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. RMR Wealth Builders increased its position in Netflix by 4.8% during the fourth quarter. RMR Wealth Builders now owns 4,863 shares of the Internet television network's stock worth $4,335,000 after buying an additional 221 shares in the last quarter. Sovereign Financial Group Inc. raised its stake in Netflix by 34.8% in the 4th quarter. Sovereign Financial Group Inc. now owns 593 shares of the Internet television network's stock valued at $529,000 after purchasing an additional 153 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in Netflix in the 4th quarter valued at about $89,000. Acropolis Investment Management LLC lifted its holdings in Netflix by 5.7% in the 4th quarter. Acropolis Investment Management LLC now owns 297 shares of the Internet television network's stock valued at $265,000 after purchasing an additional 16 shares in the last quarter. Finally, Apella Capital LLC boosted its stake in shares of Netflix by 1.6% during the 4th quarter. Apella Capital LLC now owns 1,071 shares of the Internet television network's stock worth $955,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NFLX shares. Needham & Company LLC restated a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Bank of America raised their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Robert W. Baird upped their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Netflix Price Performance

Shares of NFLX stock opened at $1,177.98 on Friday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,187.80. The company has a market capitalization of $501.31 billion, a PE ratio of 59.40, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. 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 firm has a fifty day simple moving average of $1,003.42 and a 200-day simple moving average of $942.62.

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

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock worth $138,483,256 in the last 90 days. 1.76% of the stock is owned by corporate 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.

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