Good Life Advisors LLC Has $595,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Good Life Advisors LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 28.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,222 shares of the Internet television network’s stock after selling 487 shares during the period. Good Life Advisors LLC’s holdings in Netflix were worth $595,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Great Lakes Retirement Inc. boosted its position in Netflix by 4.3% during the 4th quarter. Great Lakes Retirement Inc. now owns 4,195 shares of the Internet television network’s stock worth $2,042,000 after buying an additional 173 shares during the period. Washington Trust Advisors Inc. increased its stake in Netflix by 18.7% during the 4th quarter. Washington Trust Advisors Inc. now owns 438 shares of the Internet television network’s stock valued at $213,000 after purchasing an additional 69 shares in the last quarter. Procyon Advisors LLC increased its stake in Netflix by 3.4% during the 4th quarter. Procyon Advisors LLC now owns 15,032 shares of the Internet television network’s stock valued at $7,319,000 after purchasing an additional 498 shares in the last quarter. Northstar Advisory Group LLC boosted its holdings in Netflix by 12.0% during the 4th quarter. Northstar Advisory Group LLC now owns 4,806 shares of the Internet television network’s stock worth $2,340,000 after acquiring an additional 515 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in Netflix during the 4th quarter worth $83,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Netflix from $565.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Jefferies Financial Group lifted their price objective on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. The Goldman Sachs Group lifted their price objective on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $410.00 to $595.00 in a report on Wednesday, January 24th. Finally, Loop Capital boosted their price target on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $583.18.

Netflix Price Performance

NFLX opened at $607.33 on Friday. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $634.39. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $581.81 and a two-hundred day simple moving average of $487.70. The company has a market cap of $262.83 billion, a price-to-earnings ratio of 50.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. Netflix’s revenue was up 12.5% compared to the same quarter last year. Research analysts predict that Netflix, Inc. will post 17.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Reed Hastings sold 25,998 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total transaction of $12,232,318.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Reed Hastings sold 25,998 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $470.51, for a total transaction of $12,232,318.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders sold 273,767 shares of company stock worth $151,298,232 over the last three months. 2.45% of the stock is currently owned by corporate 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.