Public Employees Retirement System of Ohio Sells 700 Shares of Netflix, Inc. (NASDAQ:NFLX)

Public Employees Retirement System of Ohio lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,916 shares of the Internet television network’s stock after selling 700 shares during the quarter. Netflix accounts for approximately 0.7% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 20th largest holding. Public Employees Retirement System of Ohio owned about 0.06% of Netflix worth $168,037,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. New World Advisors LLC boosted its holdings in shares of Netflix by 2.0% during the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the period. Heartland Bank & Trust Co boosted its holdings in shares of Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC boosted its holdings in shares of Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the period. Capstone Triton Financial Group LLC boosted its holdings in shares of Netflix by 0.6% during the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares during the period. Finally, Meritas Wealth Management LLC boosted its holdings in shares of Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 16 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.8 %

Shares of Netflix stock opened at $934.74 on Monday. The company’s fifty day simple moving average is $792.92 and its 200-day simple moving average is $710.61. The stock has a market capitalization of $399.56 billion, a PE ratio of 52.90, a P/E/G ratio of 1.80 and a beta of 1.27. Netflix, Inc. has a 1-year low of $448.32 and a 1-year high of $935.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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 the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for 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%. As a group, equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NFLX. The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a report on Friday, October 18th. China Renaissance assumed coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. TD Cowen raised their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Bank of America raised their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $783.00.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the transaction, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. This trade represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 209,155 shares of company stock worth $159,682,799 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix Company 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.