Netflix, Inc. (NASDAQ:NFLX) Stock Position Lowered by Geller Advisors LLC

Geller Advisors LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,080 shares of the Internet television network’s stock after selling 253 shares during the quarter. Geller Advisors LLC’s holdings in Netflix were worth $2,185,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. raised its position in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after buying an additional 9,451 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the period. Natixis Advisors LLC lifted its position in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Netflix during the third quarter worth approximately $1,517,000. Finally, Voyager Global Management LP boosted its holdings in shares of Netflix by 1.0% during the third quarter. Voyager Global Management LP now owns 101,000 shares of the Internet television network’s stock worth $71,636,000 after purchasing an additional 1,000 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX opened at $934.74 on Monday. 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 stock has a market cap of $399.56 billion, a P/E ratio of 52.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The stock’s 50-day moving average price is $792.92 and its two-hundred day moving average price is $710.61. Netflix, Inc. has a 1 year low of $448.32 and a 1 year high of $935.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on NFLX shares. Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays reiterated an “underweight” rating and set a $550.00 price objective on shares of Netflix in a report on Friday, October 18th. Loop Capital boosted their target price on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Canaccord Genuity Group raised their price target on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Finally, Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Two 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. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $783.00.

Insider Activity at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,155 shares of company stock worth $159,682,799 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

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.