Evolutionary Tree Capital Management LLC Sells 27 Shares of Netflix, Inc. (NASDAQ:NFLX)

Evolutionary Tree Capital Management LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,856 shares of the Internet television network’s stock after selling 27 shares during the quarter. Netflix accounts for 3.4% of Evolutionary Tree Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Evolutionary Tree Capital Management LLC’s holdings in Netflix were worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Denver PWM LLC purchased a new stake in Netflix during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its stake in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. Proffitt & Goodson Inc. grew its holdings in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO lifted its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on NFLX shares. China Renaissance began coverage on Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $700.00 target price on shares of Netflix in a research report on Friday, July 19th. Sanford C. Bernstein upped their target price on shares of Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. TD Cowen lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Pivotal Research increased their price objective on shares of Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Price Performance

NASDAQ:NFLX opened at $701.03 on Friday. The business’s 50-day simple moving average is $663.00 and its two-hundred day simple moving average is $640.85. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $715.66. The stock has a market cap of $302.14 billion, a PE ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter last year, the company earned $3.29 EPS. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Activity

In related news, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now owns 95,040 shares in the company, valued at $65,299,132.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the sale, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred 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 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. Insiders have sold a total of 197,226 shares of company stock worth $129,858,692 over the last quarter. Insiders own 1.76% of the company’s stock.

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.