Laurel Wealth Advisors LLC Sells 265 Shares of Netflix, Inc. (NASDAQ:NFLX)

Laurel Wealth Advisors LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 4,171 shares of the Internet television network’s stock after selling 265 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Netflix were worth $2,031,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Rafferty Asset Management LLC grew its holdings in shares of Netflix by 8.0% during the fourth quarter. Rafferty Asset Management LLC now owns 73,979 shares of the Internet television network’s stock worth $36,019,000 after buying an additional 5,484 shares in the last quarter. NEOS Investment Management LLC grew its holdings in shares of Netflix by 4.0% during the fourth quarter. NEOS Investment Management LLC now owns 20,557 shares of the Internet television network’s stock worth $10,009,000 after buying an additional 782 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Netflix by 34.1% during the fourth quarter. CWA Asset Management Group LLC now owns 2,224 shares of the Internet television network’s stock worth $1,083,000 after buying an additional 565 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Netflix by 135.6% during the fourth quarter. Jones Financial Companies Lllp now owns 509 shares of the Internet television network’s stock worth $248,000 after buying an additional 293 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Netflix by 11.9% during the fourth quarter. KBC Group NV now owns 242,288 shares of the Internet television network’s stock worth $117,965,000 after buying an additional 25,779 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Netflix stock traded down $3.57 during mid-day trading on Friday, reaching $561.23. 4,332,593 shares of the company were exchanged, compared to its average volume of 4,190,527. The company has a fifty day simple moving average of $604.54 and a 200-day simple moving average of $519.46. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. The firm has a market cap of $241.83 billion, a PE ratio of 38.95, a PEG ratio of 1.38 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the company earned $2.88 EPS. The company’s revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total value of $11,759,495.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 20,734 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,573 shares of company stock worth $89,548,241. Insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. Oppenheimer reiterated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. Bank of America increased their price objective on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Citigroup increased their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Finally, Jefferies Financial Group increased their price target on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Company 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.