Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Waddell & Reed Financial Inc.

Waddell & Reed Financial Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.3% in the second quarter, HoldingsChannel.com reports. The firm owned 338,433 shares of the Internet television network’s stock after selling 108,359 shares during the quarter. Waddell & Reed Financial Inc.’s holdings in Netflix were worth $124,313,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NFLX. Dixon Hubard Feinour & Brown Inc. VA boosted its stake in Netflix by 0.4% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock valued at $2,599,000 after acquiring an additional 30 shares in the last quarter. Abbrea Capital LLC boosted its stake in Netflix by 2.4% in the second quarter. Abbrea Capital LLC now owns 1,382 shares of the Internet television network’s stock valued at $508,000 after acquiring an additional 32 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Netflix by 2.8% in the second quarter. Lindbrook Capital LLC now owns 1,259 shares of the Internet television network’s stock valued at $462,000 after acquiring an additional 34 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in Netflix by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 1,968 shares of the Internet television network’s stock valued at $723,000 after acquiring an additional 35 shares in the last quarter. Finally, Baxter Bros Inc. boosted its stake in Netflix by 3.0% in the second quarter. Baxter Bros Inc. now owns 1,226 shares of the Internet television network’s stock valued at $450,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.

In related news, Director Ann Mather sold 1,208 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $375.00, for a total transaction of $453,000.00. Following the completion of the transaction, the director now directly owns 357 shares of the company’s stock, valued at $133,875. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 43,372 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $266.57, for a total transaction of $11,561,674.04. Following the transaction, the chief executive officer now directly owns 43,372 shares of the company’s stock, valued at $11,561,674.04. The disclosure for this sale can be found here. Insiders have sold 152,191 shares of company stock valued at $44,831,164 over the last three months. 3.72% of the stock is currently owned by corporate insiders.



NASDAQ NFLX traded up $10.31 during trading hours on Wednesday, hitting $264.90. 7,072,366 shares of the stock were exchanged, compared to its average volume of 6,815,171. The company has a market cap of $115.98 billion, a price-to-earnings ratio of 98.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $386.80. The stock has a 50-day moving average of $294.01 and a 200 day moving average of $341.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 3.25 earnings per share for the current year.

Several equities analysts have issued reports on NFLX shares. Goldman Sachs Group decreased their price objective on shares of Netflix from $460.00 to $420.00 in a research note on Thursday, July 18th. Imperial Capital set a $451.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Thursday, September 12th. Wedbush upped their target price on shares of Netflix from $183.00 to $188.00 and gave the company an “underperform” rating in a report on Thursday, July 18th. BMO Capital Markets reduced their target price on shares of Netflix from $470.00 to $440.00 and set an “outperform” rating for the company in a report on Thursday, July 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a report on Friday, July 19th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $383.35.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Read More: The role of implied volatility with call option volume

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.