Nwam LLC Has $408,000 Holdings in Netflix, Inc. (NFLX)

Nwam LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,123 shares of the Internet television network’s stock after selling 329 shares during the period. Nwam LLC’s holdings in Netflix were worth $408,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Lincoln National Corp grew its holdings in shares of Netflix by 7.0% during the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after purchasing an additional 268 shares during the last quarter. BB&T Corp grew its holdings in shares of Netflix by 20.0% during the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after purchasing an additional 642 shares during the last quarter. Mizuho Securities USA LLC bought a new stake in shares of Netflix during the third quarter worth $9,793,000. AGF Investments Inc. bought a new stake in shares of Netflix during the third quarter worth $60,036,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Netflix during the third quarter worth $4,204,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.

In related news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $194.29, for a total transaction of $136,003.00. Following the sale, the director now owns 7,393 shares in the company, valued at approximately $1,436,385.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $193.30, for a total value of $193,300.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $193,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 459,885 shares of company stock worth $105,163,627. 4.90% of the stock is owned by corporate insiders.

Shares of Netflix, Inc. (NFLX) opened at $258.27 on Wednesday. Netflix, Inc. has a 52-week low of $138.26 and a 52-week high of $286.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $111,937.00, a PE ratio of 206.36, a P/E/G ratio of 3.60 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. research analysts forecast that Netflix, Inc. will post 2.69 earnings per share for the current year.

Several brokerages have recently commented on NFLX. Vetr cut Netflix from a “buy” rating to a “hold” rating and set a $265.73 target price on the stock. in a report on Tuesday. BidaskClub upgraded Netflix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. MKM Partners raised their price target on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 29th. UBS Group set a $290.00 price target on Netflix and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Robert W. Baird raised their price target on Netflix from $190.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $237.49.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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