Fi3 FINANCIAL ADVISORS LLC Sells 36 Shares of Netflix, Inc. (NASDAQ:NFLX)

Fi3 FINANCIAL ADVISORS LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 943 shares of the Internet television network’s stock after selling 36 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in Netflix were worth $459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Jennison Associates LLC boosted its position in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Northern Trust Corp boosted its position in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after purchasing an additional 78,298 shares in the last quarter. Clearbridge Investments LLC raised its stake in Netflix by 5.3% in the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after acquiring an additional 139,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Netflix by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after acquiring an additional 14,364 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. Canaccord Genuity Group restated a “hold” rating and issued a $585.00 target price (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Benchmark restated a “sell” rating and issued a $440.00 target price on shares of Netflix in a research note on Thursday, April 18th. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and reduced their target price for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research note on Thursday, January 25th. Finally, Guggenheim lifted their price objective on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $631.15.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction 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 sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated 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 directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,833 shares of company stock worth $88,270,051. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 2.5 %

NASDAQ:NFLX traded up $14.19 during trading hours on Friday, reaching $579.34. 3,307,524 shares of the stock were exchanged, compared to its average volume of 4,520,712. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $602.57 and a two-hundred day moving average of $526.33. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00. The company has a market capitalization of $249.67 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.37 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the firm earned $2.88 earnings per share. The firm’s revenue was up 14.8% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

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.