Netflix, Inc. (NASDAQ:NFLX) Position Lessened by Appleton Partners Inc. MA

Appleton Partners Inc. MA lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,639 shares of the Internet television network’s stock after selling 582 shares during the period. Netflix makes up 1.0% of Appleton Partners Inc. MA’s portfolio, making the stock its 27th biggest position. Appleton Partners Inc. MA’s holdings in Netflix were worth $13,929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Netflix by 540.9% during the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares in the last quarter. GQG Partners LLC bought a new stake in shares of Netflix in the 1st quarter worth $1,450,476,000. Jennison Associates LLC lifted its holdings in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares during the period. Global Assets Advisory LLC acquired a new position in Netflix during the first quarter worth about $436,514,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Netflix in the first quarter worth about $372,293,000. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $635.00 target price on shares of Netflix in a report on Friday, September 20th. TD Cowen upped their target price on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. China Renaissance started coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Evercore ISI boosted their price objective on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Finally, KeyCorp raised their target price on shares of Netflix from $735.00 to $760.00 and gave the stock an “overweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $686.03.

Netflix Trading Up 0.7 %

Shares of NASDAQ:NFLX opened at $711.09 on Thursday. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $725.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $306.48 billion, a P/E ratio of 49.35, a P/E/G ratio of 1.44 and a beta of 1.26. The stock’s 50-day moving average is $673.63 and its 200-day moving average is $646.74.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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 company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. During the same period in the previous year, the company earned $3.29 earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,784 shares of company stock worth $150,212,870. 1.76% of the stock is currently owned by corporate insiders.

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.