SWS Partners Sells 147 Shares of Netflix, Inc. (NASDAQ:NFLX)

SWS Partners lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,323 shares of the Internet television network’s stock after selling 147 shares during the quarter. SWS Partners’ holdings in Netflix were worth $938,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NFLX. Denver PWM LLC purchased a new stake in Netflix during the second quarter valued at about $25,000. Valued Wealth Advisors LLC increased its position in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. increased its position in shares of Netflix by 380.0% in 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 during the last quarter. AlphaMark Advisors LLC grew its position in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO grew its position in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at $35,991.51. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

Netflix stock traded down $5.70 during midday trading on Tuesday, hitting $707.30. 1,776,067 shares of the company were exchanged, compared to its average volume of 3,636,089. The firm has a market capitalization of $304.85 billion, a PE ratio of 48.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $736.00. The business has a fifty day simple moving average of $688.89 and a two-hundred day simple moving average of $652.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NFLX. Jefferies Financial Group increased their price objective on Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Guggenheim raised their price target on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a report on Friday. Pivotal Research lifted their price objective on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Friday, August 30th. The Goldman Sachs Group raised their target price on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Sanford C. Bernstein lifted their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $702.79.

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.