Hantz Financial Services Inc. Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Hantz Financial Services Inc. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,686 shares of the Internet television network’s stock after selling 2,279 shares during the quarter. Hantz Financial Services Inc.’s holdings in Netflix were worth $38,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC raised its holdings in Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares in the last quarter. Jennison Associates LLC raised its holdings in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Netflix in the 3rd quarter worth $222,871,000. Finally, AustralianSuper Pty Ltd raised its holdings in Netflix by 12,243.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network’s stock worth $205,739,000 after purchasing an additional 287,721 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NFLX stock opened at $877.34 on Friday. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00. The company’s fifty day moving average price is $769.29 and its 200-day moving average price is $697.66. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $375.03 billion, a PE ratio of 49.65, a price-to-earnings-growth ratio of 1.69 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. On average, equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,392 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,866 shares of company stock worth $133,393,921. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NFLX shares. Guggenheim upped their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Pivotal Research upped their target price on shares of Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

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.