Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lessened by Financial Management Professionals Inc.

Financial Management Professionals Inc. trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 28.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175 shares of the Internet television network’s stock after selling 68 shares during the quarter. Financial Management Professionals Inc.’s holdings in Netflix were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Dark Forest Capital Management LP raised its position in Netflix by 119.6% during the third quarter. Dark Forest Capital Management LP now owns 1,212 shares of the Internet television network’s stock valued at $458,000 after acquiring an additional 660 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Netflix by 12.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,161 shares of the Internet television network’s stock valued at $816,000 after acquiring an additional 232 shares in the last quarter. CWA Asset Management Group LLC raised its position in Netflix by 21.2% during the third quarter. CWA Asset Management Group LLC now owns 1,659 shares of the Internet television network’s stock valued at $626,000 after acquiring an additional 290 shares in the last quarter. Corton Capital Inc. raised its position in Netflix by 18.3% during the third quarter. Corton Capital Inc. now owns 910 shares of the Internet television network’s stock valued at $344,000 after acquiring an additional 141 shares in the last quarter. Finally, Kinloch Capital LLC bought a new position in Netflix during the third quarter valued at approximately $255,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 1.4 %

Shares of NASDAQ NFLX opened at $674.88 on Friday. The stock has a market cap of $290.87 billion, a PE ratio of 46.83, a PEG ratio of 1.46 and a beta of 1.26. The business has a fifty day moving average of $628.93 and a two-hundred day moving average of $584.34. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $2.88 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $593.81, for a total transaction of $758,889.18. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.81, for a total value of $758,889.18. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,772,972.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,425 shares of company stock valued at $41,919,791. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $655.00 price objective on shares of Netflix in a research report on Wednesday, May 15th. TD Cowen increased their price target on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a report on Monday, April 8th. Barclays increased their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price target on shares of Netflix in a report on Monday, June 17th. Finally, Citigroup increased their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $633.53.

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.