McCarthy Asset Management Inc. Has $523,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

McCarthy Asset Management Inc. decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 737 shares of the Internet television network’s stock after selling 193 shares during the quarter. Netflix comprises approximately 0.3% of McCarthy Asset Management Inc.’s investment portfolio, making the stock its 25th largest holding. McCarthy Asset Management Inc.’s holdings in Netflix were worth $523,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Dallas Securities Inc. bought a new position in shares of Netflix in the 3rd quarter worth $326,000. Geode Capital Management LLC lifted its holdings in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Netflix in the 3rd quarter worth $44,000. Frisch Financial Group Inc. lifted its holdings in shares of Netflix by 33.1% in the 3rd quarter. Frisch Financial Group Inc. now owns 507 shares of the Internet television network’s stock worth $359,000 after purchasing an additional 126 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its holdings in shares of Netflix by 17.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,934 shares of the Internet television network’s stock worth $1,372,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $950.00 target price (up from $800.00) on shares of Netflix in a report on Monday, November 18th. KeyCorp increased their target price on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Wells Fargo & Company lifted their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group lifted their price objective on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Two investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $783.00.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the company’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 completion of the sale, the director now owns 95,040 shares of the company’s stock, valued at $65,299,132.80. This represents a 31.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 428 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total value of $306,020.00. The disclosure for this sale can be found here. Insiders sold a total of 209,155 shares of company stock valued at $159,682,799 over the last quarter. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Down 2.3 %

NFLX stock opened at $913.69 on Tuesday. 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 company’s 50 day moving average is $797.01 and its 200 day moving average is $712.57. The stock has a market cap of $390.57 billion, a price-to-earnings ratio of 51.71, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Netflix, Inc. has a 1-year low of $457.21 and a 1-year high of $935.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 company 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%. Sell-side analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

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.