Netflix, Inc. (NASDAQ:NFLX) Stake Lessened by Fluent Financial LLC

Fluent Financial LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 525 shares of the Internet television network’s stock after selling 33 shares during the period. Fluent Financial LLC’s holdings in Netflix were worth $372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Denver PWM LLC bought a new position in Netflix in the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC raised its holdings in shares of Netflix by 80.0% during the first 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 during the last quarter. VitalStone Financial LLC boosted 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 buying an additional 56 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in 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 worth $32,000 after buying an additional 62 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

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 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Netflix 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 owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 224,784 shares of company stock worth $150,212,870 in the last three months. 1.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Argus boosted their price target on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. KeyCorp upped their price objective on shares of Netflix from $735.00 to $760.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler raised their target price on shares of Netflix from $600.00 to $650.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Redburn Atlantic upped their price target on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, Pivotal Research increased their price objective on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $686.03.

Netflix Stock Up 1.8 %

Shares of NASDAQ:NFLX traded up $12.90 during trading on Friday, reaching $719.70. 2,230,139 shares of the company traded hands, compared to its average volume of 3,674,012. The firm has a fifty day simple moving average of $676.85 and a 200 day simple moving average of $647.86. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $725.26. The firm has a market cap of $310.19 billion, a P/E ratio of 49.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the firm earned $3.29 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.