Leuthold Group LLC Has $11.30 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Leuthold Group LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,741 shares of the Internet television network’s stock after selling 150 shares during the quarter. Netflix accounts for about 1.3% of Leuthold Group LLC’s holdings, making the stock its 15th largest position. Leuthold Group LLC’s holdings in Netflix were worth $11,298,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Denver PWM LLC bought a new position in shares of Netflix during the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC boosted its stake in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after buying an additional 20 shares in the last quarter. VitalStone Financial LLC lifted its holdings in shares of Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new position in Netflix during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred 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 completion of 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 document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now directly owns 57 shares in the company, valued at approximately $38,217.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,798 shares of company stock valued at $129,552,672. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $690.47 on Thursday. The stock has a 50 day moving average of $660.90 and a 200-day moving average of $639.51. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $711.33. The company has a market capitalization of $297.59 billion, a P/E ratio of 47.92, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the business earned $3.29 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, equities research analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on NFLX. Benchmark boosted their target price on Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a report on Tuesday, July 16th. Bank of America upped their price target on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Piper Sandler boosted their target price on shares of Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Pivotal Research boosted their price objective on shares of Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $685.29.

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.