Bellecapital International Ltd. Sells 165 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bellecapital International Ltd. lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,243 shares of the Internet television network’s stock after selling 165 shares during the period. Bellecapital International Ltd.’s holdings in Netflix were worth $4,013,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the third quarter worth approximately $26,000. Carmel Capital Partners LLC boosted its holdings in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the period. Evermay Wealth Management LLC boosted its holdings in shares of Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after acquiring an additional 56 shares during the period. Finally, Pacifica Partners Inc. bought a new stake in shares of Netflix during the fourth quarter worth approximately $41,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,998 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total value of $12,232,318.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Reed Hastings sold 25,998 shares of Netflix stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $470.51, for a total transaction of $12,232,318.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Insiders sold a total of 273,767 shares of company stock valued at $151,298,232 in the last three months. Company insiders own 2.45% of the company’s stock.

Netflix Stock Down 1.0 %

Netflix stock opened at $607.33 on Monday. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $634.39. The firm has a 50 day moving average price of $586.74 and a 200-day moving average price of $490.04. The company has a market capitalization of $262.83 billion, a P/E ratio of 50.57, a P/E/G ratio of 1.65 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69.

Netflix (NASDAQ:NFLXGet Free Report) last released its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 17.01 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price target on shares of Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Netflix from a “buy” rating to a “hold” rating and lifted their price target for the company from $460.00 to $525.00 in a research report on Wednesday, January 24th. Bank of America lifted their price target on shares of Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Finally, Barclays boosted their price objective on shares of Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $583.18.

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About Netflix

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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.

Further Reading

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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