Quantbot Technologies LP Has $2.69 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Quantbot Technologies LP lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 61.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,981 shares of the Internet television network’s stock after selling 6,422 shares during the quarter. Quantbot Technologies LP’s holdings in Netflix were worth $2,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Obermeyer Wood Investment Counsel Lllp increased its position in Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after acquiring an additional 17 shares in the last quarter. Private Portfolio Partners LLC increased its position in Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after acquiring an additional 17 shares in the last quarter. FAS Wealth Partners Inc. increased its position in Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after acquiring an additional 17 shares in the last quarter. Founders Financial Alliance LLC increased its position in Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Netflix by 4.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. UBS Group lifted their price target on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. China Renaissance initiated coverage on shares of Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Sunday. Redburn Atlantic lifted their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Citigroup lifted their price target on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Stock Performance

Shares of NFLX stock opened at $706.91 on Wednesday. The company’s fifty day simple moving average is $660.64 and its 200-day simple moving average is $639.15. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a market cap of $304.68 billion, a PE ratio of 49.06, a P/E/G ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33.

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

Insider Buying and Selling

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a filing with the SEC, which is available through this link. In other Netflix news, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were 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 owns 31,610 shares in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,798 shares of company stock worth $129,552,672. Insiders own 1.76% of the company’s stock.

About Netflix

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.