Netflix, Inc. (NASDAQ:NFLX) is Contravisory Investment Management Inc.’s 4th Largest Position

Contravisory Investment Management Inc. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,598 shares of the Internet television network’s stock after selling 189 shares during the period. Netflix accounts for about 2.5% of Contravisory Investment Management Inc.’s holdings, making the stock its 4th biggest position. Contravisory Investment Management Inc.’s holdings in Netflix were worth $11,772,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Denver PWM LLC purchased a new position in shares of Netflix in the second quarter worth about $25,000. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. Proffitt & Goodson Inc. boosted its position in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the period. AlphaMark Advisors LLC boosted its position in shares of Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its position in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Piper Sandler upgraded shares of Netflix from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $650.00 to $800.00 in a research report on Monday. Argus raised their price objective on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Barclays reiterated an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Monday. Oppenheimer lifted 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. Finally, Evercore ISI boosted their price objective on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $697.35.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,490,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,490,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the sale, the chairman now directly owns 57 shares of the company’s stock, valued at $35,991.51. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 224,784 shares of company stock worth $150,212,870. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $730.29 on Friday. Netflix, Inc. has a 12 month low of $344.73 and a 12 month high of $733.85. The stock has a market cap of $313.42 billion, a PE ratio of 45.64, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company’s fifty day moving average price is $682.31 and its 200-day moving average price is $649.96.

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