Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Leisure Capital Management

Leisure Capital Management trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the 3rd quarter, Holdings Channel reports. The fund owned 4,305 shares of the Internet television network’s stock after selling 238 shares during the quarter. Netflix makes up about 1.3% of Leisure Capital Management’s investment portfolio, making the stock its 16th largest position. Leisure Capital Management’s holdings in Netflix were worth $3,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DigitalBridge Group Inc. grew its holdings in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares during the period. M&G Plc purchased a new position in Netflix during the first quarter worth approximately $9,682,000. BSN CAPITAL PARTNERS Ltd boosted its position in Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after purchasing an additional 30,511 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in Netflix by 14.9% during the first quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after purchasing an additional 1,342 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFLX has been the topic of a number of recent analyst reports. Pivotal Research increased their price target on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Oppenheimer increased their price target on Netflix from $725.00 to $775.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Redburn Atlantic increased their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. KeyCorp increased their price target on Netflix from $735.00 to $760.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, TD Cowen raised their target price on Netflix from $775.00 to $820.00 and gave the company a “buy” rating in a research report on Monday, October 7th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $704.26.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s 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 sale, the chairman now owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Down 0.7 %

Shares of NFLX stock traded down $4.82 on Wednesday, hitting $701.16. The stock had a trading volume of 512,204 shares, compared to its average volume of 3,626,253. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $302.20 billion, a P/E ratio of 48.75, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $736.00. The company’s 50 day moving average price is $690.82 and its 200-day moving average price is $653.04.

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