Sunbelt Securities Inc. Sells 86 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Sunbelt Securities Inc. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,620 shares of the Internet television network’s stock after selling 86 shares during the period. Sunbelt Securities Inc.’s holdings in Netflix were worth $3,260,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter valued at $27,000. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC bought a new stake in Netflix during the 4th quarter worth about $32,000. Newton One Investments LLC acquired a new stake in Netflix in the 4th quarter valued at about $34,000. Finally, Pineridge Advisors LLC raised its stake in shares of 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 acquiring an additional 40 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. Cfra Research upgraded shares of Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Barclays upped their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Monday, April 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Monday. Pivotal Research lifted their target price on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Eleven 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,102.79.

View Our Latest Stock Analysis on Netflix

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’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 value of $160,000.00. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 in the last quarter. 1.76% of the stock is currently owned by insiders.

Netflix Trading Down 0.6%

Shares of NASDAQ:NFLX opened at $1,187.97 on Friday. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,211.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $505.57 billion, a P/E ratio of 59.91, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a 50-day simple moving average of $1,031.11 and a 200 day simple moving average of $957.63.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same period last year, the firm posted $8.28 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Profile

(Free Report)

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.

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