Insigneo Advisory Services LLC Sells 863 Shares of Netflix, Inc. (NASDAQ:NFLX)

Insigneo Advisory Services LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,367 shares of the Internet television network’s stock after selling 863 shares during the quarter. Netflix makes up approximately 0.5% of Insigneo Advisory Services LLC’s portfolio, making the stock its 25th largest holding. Insigneo Advisory Services LLC’s holdings in Netflix were worth $5,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. DigitalBridge Group Inc. raised its position in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the period. Charles Schwab Investment Management Inc. increased its position in Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after acquiring an additional 29,726 shares during the period. Natixis Advisors LLC increased its position in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the period. Kestra Investment Management LLC bought a new position in Netflix during the third quarter worth $1,517,000. Finally, Westfield Capital Management Co. LP bought a new position in Netflix during the third quarter worth $222,871,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $917.87 on Friday. The business has a 50 day simple moving average of $788.37 and a 200 day simple moving average of $707.66. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $927.00. 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 stock has a market cap of $392.35 billion, a price-to-earnings ratio of 51.95, a PEG ratio of 1.74 and a beta of 1.27.

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

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the sale, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. This trade represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,155 shares of company stock valued at $159,682,799. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NFLX shares. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Benchmark reiterated a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Rosenblatt Securities lifted their price target on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Macquarie reiterated an “outperform” rating and set a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Finally, The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $783.00.

Netflix 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.