Dover Advisors LLC Sells 33 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dover Advisors LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,200 shares of the Internet television network’s stock after selling 33 shares during the quarter. Dover Advisors LLC’s holdings in Netflix were worth $851,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. GQG Partners LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $1,450,476,000. Jennison Associates LLC raised its stake in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Netflix during the first quarter valued at $436,514,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Netflix during the first quarter valued at $372,293,000. Finally, Swedbank AB bought a new stake in Netflix in the 1st quarter worth about $216,538,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares in the company, valued at $60,023.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 1.0 %

Netflix stock traded down $7.02 during midday trading on Tuesday, reaching $705.98. The stock had a trading volume of 2,929,369 shares, compared to its average volume of 3,641,881. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $736.00. The firm has a market cap of $304.28 billion, a price-to-earnings ratio of 48.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a fifty day moving average of $688.89 and a 200 day moving average of $652.34.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share 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 company had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same period in the prior year, the company posted $3.29 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. KeyCorp upped their target price on shares of Netflix from $735.00 to $760.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Rosenblatt Securities restated a “neutral” rating and issued a $635.00 target price on shares of Netflix in a report on Friday, September 20th. Morgan Stanley boosted their target price on shares of Netflix from $780.00 to $820.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of Netflix in a report on Friday, July 19th. Finally, Argus raised their price objective on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $702.79.

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.