Blue Square Asset Management LLC Has $1.93 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Blue Square Asset Management LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,175 shares of the Internet television network’s stock after selling 113 shares during the quarter. Netflix makes up approximately 1.3% of Blue Square Asset Management LLC’s portfolio, making the stock its 24th biggest position. Blue Square Asset Management LLC’s holdings in Netflix were worth $1,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WBI Investments LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $3,360,000. Team Hewins LLC increased its position in Netflix by 0.3% in the 1st quarter. Team Hewins LLC now owns 6,154 shares of the Internet television network’s stock valued at $3,738,000 after buying an additional 20 shares in the last quarter. Richardson Financial Services Inc. raised its stake in Netflix by 3,580.0% during the 1st quarter. Richardson Financial Services Inc. now owns 184 shares of the Internet television network’s stock worth $112,000 after buying an additional 179 shares during the period. Signaturefd LLC raised its stake in Netflix by 6.3% during the 1st quarter. Signaturefd LLC now owns 12,603 shares of the Internet television network’s stock worth $7,654,000 after buying an additional 748 shares during the period. Finally, Embree Financial Group raised its stake in Netflix by 4.8% during the 1st quarter. Embree Financial Group now owns 736 shares of the Internet television network’s stock worth $447,000 after buying an additional 34 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 3.7 %

Shares of NFLX traded down $24.90 during trading hours on Thursday, hitting $652.75. The company had a trading volume of 5,107,258 shares, compared to its average volume of 3,908,513. The firm has a market cap of $281.34 billion, a P/E ratio of 45.97, a P/E/G ratio of 1.48 and a beta of 1.27. The stock’s 50 day moving average price is $648.59 and its 200 day moving average price is $595.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $697.49.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Benchmark upped their price target on Netflix from $440.00 to $450.00 and gave the stock a “sell” rating in a research note on Friday, May 17th. Wells Fargo & Company increased their price objective on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Sanford C. Bernstein increased their price objective on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. KeyCorp increased their price objective on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Oppenheimer reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $639.57.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction dated 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 directly owns 57 shares of the company’s stock, valued at $38,217.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, Director Anne M. Sweeney sold 3,029 shares of Netflix stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $580.00, for a total transaction of $1,756,820.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 22,526 shares of Netflix stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the sale, the chairman now directly owns 57 shares in the company, valued at $38,217.93. The disclosure for this sale can be found here. Insiders have sold 71,385 shares of company stock valued at $44,469,351 over the last ninety days. 1.76% of the stock is owned by insiders.

About Netflix

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.