Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,827 shares of the Internet television network’s stock after selling 3,364 shares during the quarter. Strs Ohio owned approximately 0.07% of Netflix worth $85,859,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Marshall Wace LLP boosted its stake in Netflix by 5,692.5% during the first quarter. Marshall Wace LLP now owns 5,387 shares of the Internet television network’s stock worth $1,921,000 after buying an additional 5,294 shares during the period. Bath Savings Trust Co bought a new stake in shares of Netflix during the second quarter worth $204,000. Fulton Bank N.A. lifted its position in shares of Netflix by 16.8% during the second quarter. Fulton Bank N.A. now owns 6,243 shares of the Internet television network’s stock worth $2,293,000 after purchasing an additional 899 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Netflix by 20.2% during the second quarter. Douglas Lane & Associates LLC now owns 998 shares of the Internet television network’s stock worth $367,000 after purchasing an additional 168 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Netflix by 1.2% during the second quarter. Crossmark Global Holdings Inc. now owns 22,422 shares of the Internet television network’s stock worth $8,236,000 after purchasing an additional 256 shares during the last quarter. 78.93% of the stock is owned by institutional investors and hedge funds.

In other news, Director Bradford L. Smith bought 6,499 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $308.49 per share, for a total transaction of $2,004,876.51. Following the acquisition, the director now directly owns 799 shares of the company’s stock, valued at approximately $246,483.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 43,372 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $266.57, for a total value of $11,561,674.04. Following the completion of the sale, the chief executive officer now directly owns 43,372 shares in the company, valued at approximately $11,561,674.04. The disclosure for this sale can be found here. Insiders own 3.72% of the company’s stock.

Several analysts recently weighed in on the company. Robert W. Baird decreased their price objective on Netflix from $370.00 to $300.00 and set a “neutral” rating for the company in a report on Thursday. BidaskClub upgraded Netflix from a “strong sell” rating to a “sell” rating in a report on Thursday, October 3rd. Needham & Company LLC restated a “hold” rating on shares of Netflix in a report on Thursday, October 3rd. Sanford C. Bernstein decreased their price objective on Netflix from $450.00 to $422.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Oppenheimer decreased their price objective on Netflix from $410.00 to $385.00 and set an “outperform” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $363.11.

Shares of NFLX stock traded down $0.56 during trading hours on Monday, reaching $274.74. 4,824,753 shares of the company’s stock were exchanged, compared to its average volume of 11,658,886. The stock’s fifty day moving average price is $280.59 and its two-hundred day moving average price is $331.30. The stock has a market cap of $118.02 billion, a PE ratio of 102.51, a PEG ratio of 3.02 and a beta of 1.20. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $385.99. The company has a current ratio of 0.73, a quick ratio of 0.85 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last issued its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.42. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.25 billion. Netflix had a return on equity of 23.65% and a net margin of 7.49%. Netflix’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 3.32 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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