Westwood Holdings Group Inc. Has $474,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Westwood Holdings Group Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 80.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 702 shares of the Internet television network’s stock after selling 2,868 shares during the period. Westwood Holdings Group Inc.’s holdings in Netflix were worth $474,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NFLX. Denver PWM LLC bought a new stake in shares of Netflix in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC increased its holdings in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares in the last quarter. VitalStone Financial LLC raised its position 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 worth $30,000 after purchasing an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 1,550.0% during 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 shares of Netflix during the 4th quarter valued at about $32,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 22,526 shares of the 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 of the company’s stock, valued at $38,217.93. The disclosure for this sale can be found here. Insiders have sold a total of 197,226 shares of company stock valued at $129,858,692 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Down 0.5 %

Shares of NASDAQ NFLX opened at $701.03 on Monday. The company has a 50 day simple moving average of $663.00 and a 200 day simple moving average of $641.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $715.66. The firm has a market cap of $302.14 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last announced 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. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFLX. Redburn Atlantic raised their target price on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley boosted their price objective on shares of Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of Netflix in a report on Friday, July 19th. China Renaissance initiated coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $685.29.

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.