Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Horizon Wealth Management LLC

Horizon Wealth Management LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 558 shares of the Internet television network’s stock after selling 17 shares during the quarter. Horizon Wealth Management LLC’s holdings in Netflix were worth $497,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% during 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 period. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new stake in shares of Netflix during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $2.60 during trading hours on Monday, hitting $840.29. 2,956,406 shares of the company’s stock traded hands, compared to its average volume of 3,070,980. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day simple moving average is $878.06 and its two-hundred day simple moving average is $753.78. Netflix, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75. The company has a market cap of $359.19 billion, a price-to-earnings ratio of 47.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

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

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,742 shares of company stock worth $131,030,268. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NFLX shares. TD Cowen increased their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. cut their price objective on Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group upped their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Bank of America raised their target price on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price target on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $832.94.

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.