Alliance Wealth Advisors LLC UT Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Alliance Wealth Advisors LLC UT reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,849 shares of the Internet television network’s stock after selling 4,279 shares during the period. Netflix makes up approximately 1.4% of Alliance Wealth Advisors LLC UT’s holdings, making the stock its 8th biggest holding. Alliance Wealth Advisors LLC UT’s holdings in Netflix were worth $4,309,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. KFA Private Wealth Group LLC increased its stake in shares of Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares during the period. Addison Advisors LLC boosted its holdings in Netflix by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after acquiring an additional 20 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after acquiring an additional 21 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Netflix by 5.9% in the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after acquiring an additional 22 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its holdings in Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after acquiring an additional 23 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX stock traded down $3.57 on Friday, hitting $561.23. 4,332,593 shares of the stock were exchanged, compared to its average volume of 4,190,527. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $241.83 billion, a PE ratio of 38.95, a P/E/G ratio of 1.38 and a beta of 1.22. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The firm’s 50 day moving average is $604.54 and its two-hundred day moving average is $519.46.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 EPS. Sell-side analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,413,521.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,413,521.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,573 shares of company stock valued at $89,548,241. Corporate insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a report on Friday, April 19th. Citigroup increased their price target on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. Needham & Company LLC upgraded Netflix from a “hold” rating to a “buy” rating and set a $700.00 price target on the stock in a report on Friday, April 19th. Guggenheim upped their target price on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Benchmark reaffirmed a “sell” rating and set a $440.00 target price on shares of Netflix in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $630.58.

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.