WBI Investments LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

WBI Investments LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 874 shares of the Internet television network’s stock after selling 97 shares during the quarter. WBI Investments LLC’s holdings in Netflix were worth $779,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC purchased a new position in Netflix in the fourth quarter worth $32,000. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter worth $34,000. Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on NFLX. Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Pivotal Research lifted their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Rosenblatt Securities lifted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Wells Fargo & Company lifted their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Monday. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,102.79.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,191.64 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $507.13 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58. The company’s 50-day moving average is $1,014.78 and its two-hundred day moving average is $951.31. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,196.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the business posted $8.28 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.