Semmax Financial Advisors Inc. Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Semmax Financial Advisors Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 65.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48 shares of the Internet television network’s stock after selling 92 shares during the period. Semmax Financial Advisors Inc.’s holdings in Netflix were worth $34,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its position in shares of Netflix by 56.1% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,859 shares of the Internet television network’s stock valued at $1,255,000 after buying an additional 668 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in shares of Netflix by 16.7% in the 2nd quarter. Insight Wealth Strategies LLC now owns 644 shares of the Internet television network’s stock valued at $435,000 after purchasing an additional 92 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Netflix by 55.7% in the 2nd quarter. Mather Group LLC. now owns 2,900 shares of the Internet television network’s stock worth $1,957,000 after purchasing an additional 1,038 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Netflix by 5.2% in the 2nd quarter. Trust Co. of Vermont now owns 526 shares of the Internet television network’s stock worth $355,000 after purchasing an additional 26 shares during the period. Finally, Kingswood Wealth Advisors LLC increased its position in shares of Netflix by 21.6% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,898 shares of the Internet television network’s stock valued at $6,680,000 after purchasing an additional 1,759 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.1 %

Netflix stock opened at $886.81 on Monday. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $908.00. The business has a fifty day moving average price of $773.01 and a 200-day moving average price of $700.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $379.08 billion, a price-to-earnings ratio of 50.19, a PEG ratio of 1.71 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on NFLX shares. Oppenheimer lifted their price objective on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Macquarie reissued an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. Pivotal Research boosted their target price on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, TD Cowen increased their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

About Netflix

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.