SageView Advisory Group LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 15.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 685 shares of the Internet television network’s stock after selling 122 shares during the quarter. SageView Advisory Group LLC’s holdings in Netflix were worth $237,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Lincoln National Corp grew its stake in shares of Netflix by 40.1% in the first quarter. Lincoln National Corp now owns 13,131 shares of the Internet television network’s stock worth $4,536,000 after acquiring an additional 3,761 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of Netflix by 0.7% during the first quarter. Ieq Capital LLC now owns 42,140 shares of the Internet television network’s stock valued at $14,559,000 after buying an additional 310 shares during the last quarter. QV Investors Inc. grew its holdings in shares of Netflix by 42.9% during the first quarter. QV Investors Inc. now owns 22,850 shares of the Internet television network’s stock valued at $7,894,000 after buying an additional 6,860 shares during the last quarter. PDS Planning Inc grew its holdings in shares of Netflix by 43.1% during the first quarter. PDS Planning Inc now owns 1,628 shares of the Internet television network’s stock valued at $562,000 after buying an additional 490 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Netflix by 1,107.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,244 shares of the Internet television network’s stock valued at $422,000 after buying an additional 1,141 shares during the last quarter. Hedge funds and other institutional investors own 89.73% of the company’s stock.
Netflix Price Performance
NASDAQ:NFLX opened at $427.50 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.26 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $190.04 billion, a P/E ratio of 45.53, a P/E/G ratio of 1.48 and a beta of 1.27. Netflix, Inc. has a 12 month low of $211.64 and a 12 month high of $485.00. The business’s 50-day moving average is $414.18 and its 200 day moving average is $361.07.
Insider Activity at Netflix
In other Netflix news, Director Timothy M. Haley sold 7,147 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $334.28, for a total transaction of $2,389,099.16. Following the sale, the director now directly owns 86 shares in the company, valued at $28,748.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jay C. Hoag sold 943 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $450.00, for a total value of $424,350.00. Following the sale, the director now owns 421,491 shares of the company’s stock, valued at $189,670,950. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy M. Haley sold 7,147 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $334.28, for a total transaction of $2,389,099.16. Following the completion of the sale, the director now directly owns 86 shares in the company, valued at approximately $28,748.08. The disclosure for this sale can be found here. Insiders have sold a total of 88,579 shares of company stock valued at $34,023,766 over the last 90 days. 2.45% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. StockNews.com assumed coverage on Netflix in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Credit Suisse Group restated a “neutral” rating and issued a $370.00 target price on shares of Netflix in a report on Thursday. Rosenblatt Securities raised their target price on shares of Netflix from $358.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday. New Street Research raised their target price on shares of Netflix from $320.00 to $333.00 and gave the stock a “neutral” rating in a report on Monday, April 17th. Finally, Citigroup raised their target price on shares of Netflix from $400.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $421.71.
Netflix Profile
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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