Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,152 shares of the Internet television network’s stock after selling 41 shares during the period. Dorsey Wright & Associates’ holdings in Netflix were worth $2,236,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. New World Advisors LLC lifted its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co raised its holdings in Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC raised its holdings in Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC lifted its position in Netflix by 0.6% in the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after purchasing an additional 15 shares during the period. Finally, Meritas Wealth Management LLC boosted its holdings in Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent analyst reports. Jefferies Financial Group raised their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and set a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note 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 analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $783.00.

Netflix Stock Up 1.8 %

Shares of NASDAQ NFLX opened at $934.74 on Friday. The firm has a market cap of $399.56 billion, a P/E ratio of 52.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 1 year low of $448.32 and a 1 year high of $935.27. The firm’s 50 day moving average price is $792.92 and its 200 day moving average price is $710.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 209,155 shares of company stock valued at $159,682,799. Insiders own 1.76% of the company’s stock.

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.