Hantz Financial Services Inc. Sells 2,328 Shares of Netflix, Inc. (NASDAQ:NFLX)

Hantz Financial Services Inc. cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,358 shares of the Internet television network’s stock after selling 2,328 shares during the quarter. Netflix accounts for about 0.8% of Hantz Financial Services Inc.’s portfolio, making the stock its 22nd biggest holding. Hantz Financial Services Inc.’s holdings in Netflix were worth $46,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. McKinley Carter Wealth Services Inc. lifted its position in Netflix by 2.1% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 8,908 shares of the Internet television network’s stock worth $7,940,000 after buying an additional 179 shares in the last quarter. Nvest Financial LLC raised its holdings in shares of Netflix by 9.1% in the 4th quarter. Nvest Financial LLC now owns 3,606 shares of the Internet television network’s stock valued at $3,214,000 after purchasing an additional 301 shares during the period. Smith Group Asset Management LLC raised its stake in Netflix by 1.1% in the fourth quarter. Smith Group Asset Management LLC now owns 34,384 shares of the Internet television network’s stock valued at $30,647,000 after buying an additional 379 shares during the period. BOCHK Asset Management Ltd acquired a new stake in Netflix during the 4th quarter valued at $267,000. Finally, Verus Wealth Management LLC bought a new stake in shares of Netflix during the 4th quarter worth about $220,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX opened at $971.83 on Wednesday. The firm’s fifty day simple moving average is $899.64 and its two-hundred day simple moving average is $772.71. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a market cap of $415.42 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) 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 company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the firm posted $2.11 EPS. Netflix’s revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Pivotal Research upped their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Loop Capital lifted their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Macquarie upped their target price on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and upped their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Activity at Netflix

In other news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is owned by insiders.

Netflix 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.