Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,711 shares of the Internet television network’s stock after selling 38 shares during the quarter. Savant Capital LLC’s holdings in Netflix were worth $6,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. M&G Plc purchased a new stake in Netflix during the 1st quarter worth approximately $9,682,000. BSN CAPITAL PARTNERS Ltd increased its position in shares of Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Netflix in the 4th quarter valued at $9,513,000. Summitry LLC lifted its holdings in Netflix by 12.2% in the 4th quarter. Summitry LLC now owns 69,543 shares of the Internet television network’s stock valued at $33,859,000 after purchasing an additional 7,579 shares in the last quarter. Finally, Bedel Financial Consulting Inc. purchased a new position in Netflix in the 4th quarter valued at $224,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NFLX. UBS Group increased their target price on shares of Netflix from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Friday, July 19th. TD Cowen increased their price objective on shares of Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Benchmark raised their target price on shares of Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a research note on Tuesday, July 16th. Morgan Stanley upped their price target on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group lifted their price objective on Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $685.29.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,831 shares of company stock worth $102,721,884. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Netflix stock opened at $665.77 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $711.33. The firm has a market cap of $286.95 billion, a PE ratio of 46.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The company’s 50 day moving average is $659.89 and its two-hundred day moving average is $634.23.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period last year, the firm earned $3.29 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

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.