Goldstein Advisors LLC Decreases Holdings in Netflix, Inc. $NFLX

Goldstein Advisors LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 11.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 510 shares of the Internet television network’s stock after selling 66 shares during the period. Goldstein Advisors LLC’s holdings in Netflix were worth $683,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC raised its position in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in Netflix in the 1st quarter worth about $37,000. Maseco LLP purchased a new stake in Netflix in the 2nd quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix during the first quarter worth approximately $42,000. Finally, 1248 Management LLC purchased a new position in shares of Netflix during the first quarter worth approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NFLX. Cowen reiterated a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Wedbush reiterated an “outperform” rating on shares of Netflix in a research note on Wednesday. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Finally, Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 424 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Up 1.3%

NASDAQ:NFLX opened at $1,199.36 on Friday. Netflix, Inc. has a 12 month low of $736.23 and a 12 month high of $1,341.15. The firm has a fifty day simple moving average of $1,213.47 and a 200-day simple moving average of $1,177.58. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $509.64 billion, a P/E ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm posted $4.88 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.