CFM Wealth Partners LLC Sells 63 Shares of Netflix, Inc. (NASDAQ:NFLX)

CFM Wealth Partners LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,300 shares of the Internet television network’s stock after selling 63 shares during the period. CFM Wealth Partners LLC’s holdings in Netflix were worth $3,050,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Denver PWM LLC bought a new stake in shares of Netflix during the 2nd quarter worth $25,000. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Netflix during the 4th quarter worth $32,000. Indiana Trust & Investment Management CO boosted its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. Finally, Proffitt & Goodson Inc. boosted its holdings in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Netflix Trading Down 1.0 %

Shares of Netflix stock opened at $705.98 on Wednesday. The stock has a market capitalization of $304.28 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a 50-day simple moving average of $690.82 and a 200 day simple moving average of $653.04. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $736.00.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NFLX. Sanford C. Bernstein upped their price objective on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Jefferies Financial Group upped their price objective on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $750.00 price objective on shares of Netflix in a report on Tuesday, October 8th. Rosenblatt Securities reissued a “neutral” rating and issued a $635.00 price target on shares of Netflix in a report on Friday, September 20th. Finally, Barclays reissued an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $702.79.

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.