Mather Group LLC. Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Mather Group LLC. cut its position in Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 27.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,953 shares of the Internet television network’s stock after selling 739 shares during the period. Mather Group LLC.’s holdings in Netflix were worth $460,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Carolinas Wealth Consulting LLC raised its holdings in Netflix by 27.6% in the third quarter. Carolinas Wealth Consulting LLC now owns 162 shares of the Internet television network’s stock worth $38,000 after buying an additional 35 shares during the last quarter. Paragon Wealth Strategies LLC purchased a new position in Netflix in the third quarter worth about $47,000. Gordian Capital Singapore Pte Ltd raised its holdings in Netflix by 20,000.0% in the second quarter. Gordian Capital Singapore Pte Ltd now owns 201 shares of the Internet television network’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Stonebridge Capital Advisors LLC raised its holdings in Netflix by 163.6% in the third quarter. Stonebridge Capital Advisors LLC now owns 203 shares of the Internet television network’s stock worth $48,000 after buying an additional 126 shares during the last quarter. Finally, Old North State Trust LLC purchased a new position in Netflix in the third quarter worth about $51,000. 77.26% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Netflix stock opened at $294.94 on Wednesday. The company has a market cap of $131.35 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.36 and a beta of 1.26. The firm’s fifty day moving average is $335.31 and its 200 day moving average is $291.43. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $396.50.

Netflix (NASDAQ:NFLX – Get Rating) last released its quarterly earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.85 billion. Netflix had a net margin of 14.21% and a return on equity of 23.06%. Netflix’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 EPS. Sell-side analysts forecast that Netflix, Inc. will post 11.18 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 3,698 shares of the business’s stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $352.94, for a total transaction of $1,305,172.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Phillip Securities lowered shares of Netflix from a “buy” rating to an “accumulate” rating in a research note on Thursday, January 26th. Oppenheimer lifted their price target on shares of Netflix from $400.00 to $415.00 and gave the stock an “outperform” rating in a research note on Friday, January 20th. Benchmark lifted their price target on shares of Netflix from $225.00 to $250.00 and gave the stock a “sell” rating in a research note on Friday, January 20th. Cowen lifted their price target on shares of Netflix from $405.00 to $440.00 in a research note on Friday, January 20th. Finally, Canaccord Genuity Group lifted their price target on shares of Netflix from $365.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $343.00.

Netflix Profile

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Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.