Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,424 shares of the Internet television network’s stock after selling 503 shares during the period. Valeo Financial Advisors LLC’s holdings in Netflix were worth $4,509,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix during the 3rd quarter valued at approximately $26,000. VitalStone Financial LLC lifted its position in shares of Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in shares of Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $32,000. Finally, Indiana Trust & Investment Management CO raised its stake 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 worth $32,000 after acquiring an additional 28 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now owns 57 shares in the company, valued at $38,217.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Netflix news, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $38,217.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,385 shares of company stock worth $44,469,351. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.4 %

Shares of NASDAQ NFLX traded up $2.93 during mid-day trading on Wednesday, hitting $682.51. The company had a trading volume of 1,399,889 shares, compared to its average volume of 3,945,171. The company has a market capitalization of $294.16 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. Netflix, Inc. has a one year low of $344.73 and a one year high of $689.88. The firm has a 50-day simple moving average of $633.35 and a two-hundred day simple moving average of $587.97. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the business earned $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and reduced their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. Macquarie upped their price target on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $585.00 price objective (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. Barclays lifted their target price on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, KeyCorp increased their price objective on Netflix from $705.00 to $707.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $637.34.

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.