Key Financial Inc Has $85,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Key Financial Inc cut its position in Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174 shares of the Internet television network’s stock after selling 25 shares during the period. Key Financial Inc’s holdings in Netflix were worth $85,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares during the period. Centurion Wealth Management LLC boosted its holdings in shares of Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after purchasing an additional 23 shares during the period. Secure Asset Management LLC boosted its holdings in shares of Netflix by 2.7% during the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock worth $440,000 after purchasing an additional 24 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in shares of Netflix by 0.3% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 9,821 shares of the Internet television network’s stock worth $4,326,000 after purchasing an additional 25 shares during the period. Finally, Lee Financial Co boosted its holdings in shares of Netflix by 18.2% during the third quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock worth $61,000 after purchasing an additional 25 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the sale, the director now directly owns 431,034 shares in the company, valued at approximately $237,284,217. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NFLX shares. KeyCorp increased their target price on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Pivotal Research increased their target price on Netflix from $700.00 to $765.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Citigroup lifted their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. Canaccord Genuity Group upped their price target on Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, TD Cowen raised their price objective on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $614.28.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $612.30 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $264.98 billion, a price-to-earnings ratio of 51.10, a P/E/G ratio of 1.67 and a beta of 1.22. The firm has a fifty day moving average price of $604.73 and a 200 day moving average price of $511.17. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. Netflix’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

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.