Regent Peak Wealth Advisors LLC Has $1.18 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Regent Peak Wealth Advisors LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,319 shares of the Internet television network’s stock after selling 69 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Netflix were worth $1,176,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC acquired a new stake in Netflix during the 3rd quarter valued at approximately $38,000. Finally, First Personal Financial Services bought a new position in Netflix during the 3rd quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Rosenblatt Securities increased their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Loop Capital downgraded Netflix from a “buy” rating to a “hold” rating and boosted their price objective for the company from $800.00 to $950.00 in a research note on Monday, December 16th. Sanford C. Bernstein raised their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $821.27.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold a total of 150,761 shares of company stock worth $125,713,484 in the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded down $2.59 during trading on Tuesday, reaching $879.20. The company’s stock had a trading volume of 1,089,525 shares, compared to its average volume of 2,440,767. Netflix, Inc. has a 12 month low of $472.95 and a 12 month high of $941.75. The firm has a market cap of $375.82 billion, a price-to-earnings ratio of 49.76, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The firm has a 50 day moving average of $869.23 and a 200-day moving average of $748.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Research analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

About Netflix

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.