Dana Investment Advisors Inc. Sells 1,351 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dana Investment Advisors Inc. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,166 shares of the Internet television network’s stock after selling 1,351 shares during the period. Dana Investment Advisors Inc.’s holdings in Netflix were worth $9,560,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NFLX. Vanguard Group Inc. lifted its holdings in Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after purchasing an additional 149,341 shares during the last quarter. Capital World Investors lifted its holdings in shares of Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after buying an additional 78,320 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after acquiring an additional 929,193 shares during the period. Baillie Gifford & Co. increased its position in Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after acquiring an additional 106,756 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Netflix by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock worth $2,003,810,000 after purchasing an additional 72,807 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.3 %

Shares of Netflix stock opened at $709.27 on Tuesday. The stock’s 50-day moving average is $670.86 and its 200 day moving average is $645.58. Netflix, Inc. has a one year low of $344.73 and a one year high of $725.26. The firm has a market cap of $305.70 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.44 and a beta of 1.26. 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 (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The firm 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 company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.29 EPS. Equities research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on NFLX shares. Loop Capital increased their target price on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. China Renaissance assumed coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Argus raised their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Evercore ISI boosted their target price on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Finally, Bank of America upped their price objective 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. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $686.03.

Insider Transactions at Netflix

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 Netflix news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold 179,494 shares of company stock valued at $118,230,884 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

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.