Sheets Smith Wealth Management decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,066 shares of the Internet television network’s stock after selling 121 shares during the period. Sheets Smith Wealth Management’s holdings in Netflix were worth $458,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its position in Netflix by 0.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,134 shares of the Internet television network’s stock valued at $168,000 after buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Netflix by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,655 shares of the Internet television network’s stock valued at $245,000 after buying an additional 11 shares in the last quarter. M Holdings Securities Inc. boosted its position in Netflix by 0.5% in the first quarter. M Holdings Securities Inc. now owns 2,467 shares of the Internet television network’s stock valued at $365,000 after buying an additional 12 shares in the last quarter. Heritage Investors Management Corp boosted its position in Netflix by 0.6% in the second quarter. Heritage Investors Management Corp now owns 1,995 shares of the Internet television network’s stock valued at $298,000 after buying an additional 12 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Netflix by 3.1% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network’s stock valued at $178,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 1.34% on Friday, reaching $171.40. The company had a trading volume of 5,022,334 shares. The firm has a market capitalization of $74.00 billion, a price-to-earnings ratio of 208.52 and a beta of 1.02. The firm has a 50-day moving average price of $168.76 and a 200 day moving average price of $153.74. Netflix, Inc. has a 1-year low of $93.26 and a 1-year high of $191.50.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Netflix had a net margin of 3.55% and a return on equity of 12.82%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post $1.19 earnings per share for the current year.
A number of brokerages have recently commented on NFLX. UBS AG reiterated a “buy” rating and issued a $175.00 target price on shares of Netflix in a report on Wednesday, April 19th. Loop Capital lifted their target price on Netflix from $162.00 to $172.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $180.00 target price (up previously from $150.00) on shares of Netflix in a report on Tuesday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Netflix in a report on Tuesday, July 18th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $199.00 target price (up previously from $184.00) on shares of Netflix in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $175.13.
In other news, insider Gregory K. Peters sold 6,853 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $164.29, for a total transaction of $1,125,879.37. Following the completion of the sale, the insider now directly owns 19,943 shares of the company’s stock, valued at approximately $3,276,435.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $156.62, for a total transaction of $156,620.00. Following the sale, the director now directly owns 8,012 shares of the company’s stock, valued at $1,254,839.44. The disclosure for this sale can be found here. Insiders have sold a total of 389,801 shares of company stock valued at $64,889,201 over the last three months. Corporate insiders own 4.90% of the company’s stock.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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