Retirement Planning Co of New England Inc. Decreases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Retirement Planning Co of New England Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,734 shares of the Internet television network’s stock after selling 20 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Netflix were worth $1,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Obermeyer Wood Investment Counsel Lllp boosted its holdings in shares of Netflix by 2.8% during the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after purchasing an additional 17 shares during the last quarter. Private Portfolio Partners LLC boosted its stake in Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares during the last quarter. FAS Wealth Partners Inc. grew its holdings in Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after buying an additional 17 shares during the period. Founders Financial Alliance LLC increased its stake in shares of Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Netflix by 4.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock worth $250,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.5 %

NASDAQ:NFLX opened at $697.06 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $299.16 billion, a price-to-earnings ratio of 48.37, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a one year low of $344.73 and a one year high of $711.33. The stock has a 50-day simple moving average of $660.00 and a 200 day simple moving average of $637.59.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.29 EPS. Sell-side analysts predict that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NFLX shares. Citigroup boosted their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Morgan Stanley upped their price objective on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Tuesday, July 30th. Sanford C. Bernstein boosted their price target on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Finally, Piper Sandler raised their price objective on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 43,750 shares of Netflix stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the transaction, the director now directly owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now owns 95,040 shares of the company’s stock, valued at approximately $65,299,132.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The disclosure for this sale can be found here. Insiders sold a total of 196,798 shares of company stock worth $129,552,672 over the last 90 days. 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.