Lantz Financial LLC Sells 14 Shares of Netflix, Inc. (NASDAQ:NFLX)

Lantz Financial LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 460 shares of the Internet television network’s stock after selling 14 shares during the period. Lantz Financial LLC’s holdings in Netflix were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake 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 worth $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter valued at $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix in the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix in the 3rd quarter valued at $40,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday. Oppenheimer increased their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday. Guggenheim increased their target price on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,009.29.

Netflix Stock Down 0.7 %

NFLX opened at $977.59 on Friday. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. The company’s 50-day moving average is $895.13 and its 200 day moving average is $766.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total transaction of $334,319.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. Company insiders own 1.76% of the company’s stock.

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.