Sheaff Brock Investment Advisors LLC Sells 777 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sheaff Brock Investment Advisors LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,515 shares of the Internet television network’s stock after selling 777 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Netflix were worth $3,970,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new position in shares of Netflix during the third quarter valued at approximately $25,000. Carmel Capital Partners LLC increased its position in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the period. Evermay Wealth Management LLC increased its position in shares of Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after buying an additional 56 shares during the period. Resurgent Financial Advisors LLC purchased a new position in shares of Netflix during the fourth quarter valued at about $42,000. Finally, KB Financial Partners LLC increased its position in shares of Netflix by 108.5% during the second quarter. KB Financial Partners LLC now owns 98 shares of the Internet television network’s stock valued at $43,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock traded down $6.81 on Tuesday, hitting $555.25. 1,713,537 shares of the company’s stock were exchanged, compared to its average volume of 6,357,916. The stock has a market capitalization of $240.29 billion, a PE ratio of 46.80, a PEG ratio of 1.54 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day simple moving average of $493.53 and a 200-day simple moving average of $444.15. Netflix, Inc. has a 1 year low of $285.33 and a 1 year high of $579.64.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $8.72 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities analysts anticipate that Netflix, Inc. will post 16.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Canaccord Genuity Group upped their target price on Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, October 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Netflix from a “buy” rating to a “hold” rating and upped their target price for the stock from $460.00 to $525.00 in a research report on Wednesday, January 24th. Guggenheim upped their target price on shares of Netflix from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $553.33.

Get Our Latest Report on NFLX

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $575.00, for a total value of $3,181,475.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,526,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Gregory K. Peters sold 5,533 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $575.00, for a total value of $3,181,475.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,526,750. 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 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,424 shares of company stock worth $104,118,446. 2.45% of the stock is owned by corporate insiders.

Netflix Company Profile

(Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

See Also

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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