Schnieders Capital Management LLC Has $1.41 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Schnieders Capital Management LLC cut its position in Netflix, Inc. (NASDAQ:NFLX) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,898 shares of the Internet television network’s stock after selling 363 shares during the quarter. Schnieders Capital Management LLC’s holdings in Netflix were worth $1,411,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Columbia Trust Co 01012016 grew its stake in shares of Netflix by 15.3% in the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares during the last quarter. Crumly & Associates Inc. increased its holdings in shares of Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares during the period. Venture Visionary Partners LLC raised its position in shares of Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC grew its position in Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after buying an additional 114 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 13,655 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,118,342. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Benchmark reaffirmed a “sell” rating and issued a $440.00 price target on shares of Netflix in a report on Thursday, April 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday. Barclays boosted their price target on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Rosenblatt Securities reduced their price objective on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a report on Friday. Finally, Piper Sandler upped their target price on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $630.58.

Netflix Trading Up 4.2 %

Shares of NFLX traded up $23.15 during trading hours on Tuesday, hitting $577.75. 4,942,177 shares of the stock traded hands, compared to its average volume of 4,517,395. The business has a fifty day moving average of $606.05 and a 200-day moving average of $517.65. The firm has a market capitalization of $248.95 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.88 EPS. Analysts expect that Netflix, Inc. will post 17.13 EPS for the current year.

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.