WP Advisors LLC Sells 392 Shares of Netflix, Inc. (NASDAQ:NFLX)

WP Advisors LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,848 shares of the Internet television network’s stock after selling 392 shares during the period. Netflix accounts for about 2.7% of WP Advisors LLC’s portfolio, making the stock its 8th largest holding. WP Advisors LLC’s holdings in Netflix were worth $8,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Obermeyer Wood Investment Counsel Lllp grew its stake in Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after buying an additional 17 shares during the last quarter. Private Portfolio Partners LLC lifted its holdings in shares of Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after acquiring an additional 17 shares during the period. FAS Wealth Partners Inc. lifted its holdings in shares of Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after acquiring an additional 17 shares during the period. Legacy Capital Group California Inc. lifted its holdings in shares of Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after acquiring an additional 18 shares during the period. Finally, Founders Financial Alliance LLC lifted its holdings in shares of Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after acquiring an additional 18 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 1.3 %

Shares of NFLX traded up $8.87 during trading hours on Friday, reaching $701.35. 3,266,723 shares of the stock traded hands, compared to its average volume of 3,828,823. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $659.34 and a 200 day simple moving average of $630.28. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $711.33. The company has a market cap of $302.28 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.28 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter last year, the company posted $3.29 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Buying and Selling

In other news, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 152,700 shares of company stock worth $98,283,982. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. Loop Capital upped their price objective on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Bank of America upped their price objective on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Guggenheim upped their price target on shares of Netflix from $700.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. KeyCorp upped their price target on shares of Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Argus upped their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $685.45.

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.