NORTHSTAR ASSET MANAGEMENT Co LLC Has $277,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

NORTHSTAR ASSET MANAGEMENT Co LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 15.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 410 shares of the Internet television network’s stock after selling 75 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Netflix were worth $277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Obermeyer Wood Investment Counsel Lllp lifted its position in shares of Netflix by 2.8% during the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after acquiring an additional 17 shares in the last quarter. Private Portfolio Partners LLC lifted its position in shares of Netflix by 1.7% during the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after acquiring an additional 17 shares in the last quarter. KFA Private Wealth Group LLC lifted its position in shares of Netflix by 1.9% during the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in shares of Netflix by 0.6% during the fourth quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after acquiring an additional 18 shares in the last quarter. Finally, Founders Financial Alliance LLC lifted its position in shares of Netflix by 2.4% during the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NFLX. Pivotal Research upped their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 price target on shares of Netflix in a report on Tuesday, July 30th. Guggenheim upped their price target on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Finally, 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 report on Monday, July 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $681.21.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction on Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,893 shares of company stock worth $84,412,483. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock traded up $10.85 on Friday, hitting $674.07. 3,511,014 shares of the company’s stock were exchanged, compared to its average volume of 3,896,356. The company has a 50-day simple moving average of $654.47 and a 200-day simple moving average of $621.61. The stock has a market capitalization of $290.52 billion, a PE ratio of 46.78, a PEG ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $697.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the company posted $3.29 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current 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.