Coldstream Capital Management Inc. Sells 119 Shares of Netflix, Inc. (NASDAQ:NFLX)

Coldstream Capital Management Inc. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,256 shares of the Internet television network’s stock after selling 119 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Netflix were worth $6,247,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Precision Wealth Strategies LLC grew its stake in shares of Netflix by 3.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 2,444 shares of the Internet television network’s stock valued at $1,190,000 after acquiring an additional 83 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Netflix by 5.9% during the 4th quarter. Gilbert & Cook Inc. now owns 2,177 shares of the Internet television network’s stock valued at $1,060,000 after acquiring an additional 121 shares during the period. Aveo Capital Partners LLC grew its stake in shares of Netflix by 6.9% during the 4th quarter. Aveo Capital Partners LLC now owns 667 shares of the Internet television network’s stock valued at $325,000 after acquiring an additional 43 shares during the period. Gryphon Financial Partners LLC grew its stake in shares of Netflix by 20.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,971 shares of the Internet television network’s stock valued at $1,933,000 after acquiring an additional 674 shares during the period. Finally, Johnson Investment Counsel Inc. grew its stake in shares of Netflix by 9.4% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,160 shares of the Internet television network’s stock valued at $1,539,000 after acquiring an additional 271 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $675.56 on Tuesday. The stock’s fifty day moving average is $659.93 and its 200 day moving average is $635.27. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $711.33. The firm has a market capitalization of $289.93 billion, a PE ratio of 46.87, a PEG ratio of 1.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. Piper Sandler boosted their price objective on Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Netflix in a research note on Friday, July 19th. Redburn Atlantic boosted their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. TD Cowen boosted their price target on Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Loop Capital boosted their price target on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on 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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on 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 transaction, 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. Insiders have sold 157,831 shares of company stock valued at $102,721,884 in the last quarter. 1.76% of the stock is owned by insiders.

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.