Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lowered by STF Management LP

STF Management LP trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,926 shares of the Internet television network’s stock after selling 337 shares during the period. Netflix comprises approximately 2.0% of STF Management LP’s investment portfolio, making the stock its 11th biggest position. STF Management LP’s holdings in Netflix were worth $4,674,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Denver PWM LLC acquired a new position in shares of Netflix in the 2nd quarter worth $25,000. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. VitalStone Financial LLC increased its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC raised its holdings in 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 worth $32,000 after buying an additional 62 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in Netflix during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 433 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the firm’s 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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold 196,798 shares of company stock worth $129,552,672 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NFLX. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday, July 12th. Jefferies Financial Group raised their target price on Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. Rosenblatt Securities increased their price objective on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Finally, TD Cowen lifted their target price on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Stock Up 1.5 %

Shares of NFLX opened at $697.06 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50-day simple moving average of $660.00 and a 200-day simple moving average of $637.88. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33. The firm has a market capitalization of $299.16 billion, a P/E ratio of 48.37, a P/E/G ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its quarterly 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. 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 in the prior year, the firm posted $3.29 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current year.

Netflix Company 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.