Marsico Capital Management LLC Sells 185 Shares of Netflix, Inc. (NASDAQ:NFLX)

Marsico Capital Management LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,378 shares of the Internet television network’s stock after selling 185 shares during the period. Netflix comprises about 2.1% of Marsico Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Marsico Capital Management LLC’s holdings in Netflix were worth $69,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of NFLX. Wellington Management Group LLP raised its position in Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after purchasing an additional 3,273,592 shares during the last quarter. GQG Partners LLC bought a new stake in Netflix in the first quarter valued at about $1,450,476,000. Jennison Associates LLC boosted its position in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of Netflix during the 1st quarter valued at about $436,514,000. Finally, Jericho Capital Asset Management L.P. bought a new position in shares of Netflix during the 1st quarter worth approximately $372,293,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NFLX. Pivotal Research boosted their price target on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Friday, August 30th. China Renaissance assumed coverage on Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective on the stock. Morgan Stanley raised their target price on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. KeyCorp raised their price objective on shares of Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, Macquarie reiterated an “outperform” rating and issued a $685.00 price objective on shares of Netflix in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $685.29.

Netflix Trading Up 1.5 %

Netflix stock opened at $706.91 on Wednesday. The business has a 50-day simple moving average of $660.64 and a two-hundred day simple moving average of $639.15. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $711.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a market cap of $304.68 billion, a P/E ratio of 49.06, a P/E/G ratio of 1.40 and a beta of 1.26.

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

Insider Activity at Netflix

In other news, Director Leslie J. Kilgore sold 1,372 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total value of $966,999.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Leslie J. Kilgore sold 1,372 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,798 shares of company stock worth $129,552,672. Corporate insiders own 1.76% of the company’s stock.

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.