Avidian Wealth Solutions LLC Sells 160 Shares of Netflix, Inc. (NASDAQ:NFLX)

Avidian Wealth Solutions LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,341 shares of the Internet television network’s stock after selling 160 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Netflix were worth $653,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Columbia Trust Co 01012016 increased its holdings in shares of Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after purchasing an additional 208 shares in the last quarter. Crumly & Associates Inc. lifted its stake in shares of Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after acquiring an additional 83 shares during the period. Venture Visionary Partners LLC boosted its holdings in Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after purchasing an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC lifted its position in Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after purchasing an additional 114 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The shares were 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 of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The disclosure for this sale can be found here. Insiders have sold 152,833 shares of company stock valued at $88,270,051 in the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Trading Up 2.4 %

NASDAQ NFLX traded up $14.06 on Monday, reaching $593.40. The company had a trading volume of 2,070,620 shares, compared to its average volume of 4,409,234. The firm has a market cap of $255.73 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a fifty-two week low of $322.03 and a fifty-two week high of $639.00. The business has a 50 day moving average of $602.57 and a two-hundred day moving average of $528.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.88 EPS. Analysts forecast that Netflix, Inc. will post 18.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. Evercore ISI lifted their price objective on shares of Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. The Goldman Sachs Group upped their target price on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. TD Cowen boosted their price target on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

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.