Stanley Laman Group Ltd. Lowers Position in Netflix, Inc. $NFLX

Stanley Laman Group Ltd. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,062 shares of the Internet television network’s stock after selling 150 shares during the period. Stanley Laman Group Ltd.’s holdings in Netflix were worth $1,422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC boosted its stake in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter worth $37,000. Maseco LLP acquired a new stake in Netflix in the second quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix in the first quarter valued at $42,000. Finally, 1248 Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last quarter. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Itau BBA Securities began coverage on Netflix in a research note on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price target on the stock. Wedbush reaffirmed an “outperform” rating on shares of Netflix in a research note on Wednesday. Finally, Cowen reaffirmed a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,339.81.

Netflix Price Performance

NFLX stock opened at $1,199.36 on Friday. The stock’s 50 day moving average price is $1,213.47 and its 200 day moving average price is $1,177.58. The firm has a market cap of $509.64 billion, a P/E ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 1 year low of $736.23 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. Netflix’s revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share 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.