United Capital Management of KS Inc. Sells 40 Shares of Netflix, Inc. (NASDAQ:NFLX)

United Capital Management of KS Inc. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 804 shares of the Internet television network’s stock after selling 40 shares during the period. United Capital Management of KS Inc.’s holdings in Netflix were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Abacus Planning Group Inc. boosted its position in Netflix by 5.2% during the second quarter. Abacus Planning Group Inc. now owns 484 shares of the Internet television network’s stock valued at $327,000 after purchasing an additional 24 shares in the last quarter. Holistic Financial Partners boosted its holdings in shares of Netflix by 3.7% in the 2nd quarter. Holistic Financial Partners now owns 1,834 shares of the Internet television network’s stock valued at $1,238,000 after buying an additional 66 shares in the last quarter. Americana Partners LLC grew its position in shares of Netflix by 31.8% in the 2nd quarter. Americana Partners LLC now owns 3,350 shares of the Internet television network’s stock worth $2,261,000 after buying an additional 808 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in shares of Netflix by 29.0% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 6,320 shares of the Internet television network’s stock worth $4,265,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Integrity Financial Corp WA lifted its position in Netflix by 18.1% during the second quarter. Integrity Financial Corp WA now owns 1,612 shares of the Internet television network’s stock valued at $1,088,000 after acquiring an additional 247 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction on 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 $19,128,159.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,700 shares of company stock valued at $98,283,982. 1.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Macquarie reaffirmed an “outperform” rating and issued a $685.00 price target on shares of Netflix in a report on Tuesday, July 16th. Jefferies Financial Group upped their target price on Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Argus boosted their price target on Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Wedbush restated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Monday, May 20th. Finally, Piper Sandler lifted their target price on shares of Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $685.45.

Netflix Price Performance

Shares of Netflix stock opened at $701.35 on Friday. The firm has a market cap of $301.00 billion, a PE ratio of 48.67, a P/E/G ratio of 1.44 and a beta of 1.27. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33. 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 business has a 50-day moving average price of $659.34 and a 200 day moving average price of $630.28.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the previous year, the business earned $3.29 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. Sell-side analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal 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.