Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Leisure Capital Management

Leisure Capital Management cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,858 shares of the Internet television network’s stock after selling 1,085 shares during the period. Netflix comprises about 1.3% of Leisure Capital Management’s holdings, making the stock its 18th largest holding. Leisure Capital Management’s holdings in Netflix were worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Authentikos Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix in the 3rd quarter valued at $26,000. Carmel Capital Partners LLC grew its stake 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 valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in Netflix in the fourth quarter worth about $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last three months, insiders sold 154,573 shares of company stock worth $89,548,241. Corporate insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research report on Thursday, January 25th. Redburn Atlantic increased their price target on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Sanford C. Bernstein upped their price objective on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Performance

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

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

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.