Netflix, Inc. (NASDAQ:NFLX) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 16,803 shares of the Internet television network’s stock after selling 487 shares during the period. EP Wealth Advisors LLC’s holdings in Netflix were worth $11,918,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NFLX. Denver PWM LLC acquired a new position in Netflix during the 2nd quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter worth about $25,000. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the period. Finally, AlphaMark Advisors LLC grew its holdings 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 purchasing an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent research reports. China Renaissance assumed coverage on shares of Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Pivotal Research upped their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group boosted their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $783.00.

Netflix Trading Up 1.8 %

NASDAQ:NFLX opened at $934.74 on Friday. The stock’s 50 day simple moving average is $792.92 and its 200-day simple moving average is $710.12. Netflix, Inc. has a 12-month low of $448.32 and a 12-month high of $935.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $399.56 billion, a P/E ratio of 52.90, a PEG ratio of 1.76 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,155 shares of company stock valued at $159,682,799. 1.76% of the stock is owned by corporate insiders.

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.