Netflix, Inc. (NFLX) Position Lessened by Apriem Advisors

Share on StockTwits

Apriem Advisors trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.7% in the fourth quarter, Holdings Channel reports. The firm owned 2,181 shares of the Internet television network’s stock after selling 406 shares during the period. Apriem Advisors’ holdings in Netflix were worth $584,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. State of Tennessee Treasury Department grew its position in Netflix by 6.0% in the 4th quarter. State of Tennessee Treasury Department now owns 293,123 shares of the Internet television network’s stock valued at $78,457,000 after acquiring an additional 16,622 shares in the last quarter. Usca Ria LLC grew its position in Netflix by 6.8% in the 4th quarter. Usca Ria LLC now owns 2,052 shares of the Internet television network’s stock valued at $549,000 after acquiring an additional 130 shares in the last quarter. Regal Investment Advisors LLC grew its position in Netflix by 44.5% in the 4th quarter. Regal Investment Advisors LLC now owns 783 shares of the Internet television network’s stock valued at $210,000 after acquiring an additional 241 shares in the last quarter. Cabot Wealth Management Inc. acquired a new position in Netflix in the 4th quarter valued at about $1,578,000. Finally, Primecap Management Co. CA grew its position in Netflix by 14.1% in the 3rd quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock valued at $26,357,000 after acquiring an additional 8,700 shares in the last quarter. 76.07% of the stock is owned by hedge funds and other institutional investors.

NFLX has been the subject of several research reports. Morgan Stanley lifted their target price on Netflix from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, January 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $480.00 price objective (up previously from $450.00) on shares of Netflix in a research note on Friday, January 18th. Credit Suisse Group reiterated a “buy” rating and issued a $440.00 price objective on shares of Netflix in a research note on Friday, January 18th. Macquarie set a $375.00 price objective on Netflix and gave the company a “buy” rating in a research note on Friday, January 18th. Finally, Barclays reiterated a “buy” rating and issued a $375.00 price objective on shares of Netflix in a research note on Wednesday, January 16th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Netflix presently has a consensus rating of “Buy” and an average price target of $375.75.

In other Netflix news, CEO Reed Hastings sold 52,458 shares of Netflix stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total transaction of $19,265,200.50. Following the transaction, the chief executive officer now owns 52,458 shares of the company’s stock, valued at $19,265,200.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total value of $899,150.00. Following the transaction, the director now directly owns 539 shares in the company, valued at approximately $188,650. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,950 shares of company stock worth $65,620,477. 4.29% of the stock is currently owned by corporate insiders.

NFLX stock opened at $366.23 on Tuesday. The company has a market cap of $157.62 billion, a P/E ratio of 136.65, a price-to-earnings-growth ratio of 2.97 and a beta of 1.37. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $423.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 4.05 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Netflix, Inc. (NFLX) Position Lessened by Apriem Advisors” was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/4249043/netflix-inc-nflx-position-lessened-by-apriem-advisors.html.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

See Also: Average Daily Trade Volume – ADTV

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Mitchells & Butlers  Receives “Hold” Rating from Liberum Capital
Mitchells & Butlers Receives “Hold” Rating from Liberum Capital
Prudential  Given New GBX 2,300 Price Target at HSBC
Prudential Given New GBX 2,300 Price Target at HSBC
JPMorgan Chase & Co. Reaffirms Underweight Rating for Marks and Spencer Group
JPMorgan Chase & Co. Reaffirms Underweight Rating for Marks and Spencer Group
Symantec  Lifted to Sell at BidaskClub
Symantec Lifted to Sell at BidaskClub
Maxim Group Reaffirms Hold Rating for Pure Storage
Maxim Group Reaffirms Hold Rating for Pure Storage
Morgan Stanley Raises Sempra Energy  Price Target to $142.00
Morgan Stanley Raises Sempra Energy Price Target to $142.00


© 2006-2019 Ticker Report