CX Institutional Sells 463 Shares of Netflix, Inc. (NASDAQ:NFLX)

CX Institutional lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 18.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,112 shares of the Internet television network’s stock after selling 463 shares during the period. CX Institutional’s holdings in Netflix were worth $1,498,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Scarborough Advisors LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $32,000. Trust Co. of Vermont lifted its position in shares of Netflix by 24.1% in the 4th quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock worth $225,000 after purchasing an additional 90 shares during the period. Bath Savings Trust Co acquired a new position in shares of Netflix during the 1st quarter valued at $206,000. Ferguson Wellman Capital Management Inc. lifted its position in shares of Netflix by 5.6% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 599 shares of the Internet television network’s stock valued at $364,000 after acquiring an additional 32 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Netflix by 7.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,191 shares of the Internet television network’s stock valued at $723,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 225,167 shares of company stock valued at $150,492,460 over the last three months. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NFLX shares. Oppenheimer boosted their target price on shares of Netflix from $725.00 to $775.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $750.00 target price on shares of Netflix in a research report on Tuesday, October 8th. Bank of America boosted their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. The Goldman Sachs Group boosted their target price on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $702.79.

Netflix Price Performance

NFLX opened at $705.98 on Wednesday. The firm has a market cap of $304.28 billion, a P/E ratio of 48.99, a PEG ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $736.00. 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 firm has a 50-day moving average of $690.82 and a 200 day moving average of $653.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.29 earnings per share. On average, research analysts expect that Netflix, Inc. will post 19.08 EPS 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.