Netflix, Inc. (NASDAQ:NFLX) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,888 shares of the Internet television network’s stock after selling 45,150 shares during the quarter. Netflix comprises approximately 0.8% of ProShare Advisors LLC’s portfolio, making the stock its 16th biggest position. ProShare Advisors LLC owned approximately 0.10% of Netflix worth $291,473,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NFLX. Wellington Management Group LLP boosted its holdings in shares of Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after acquiring an additional 3,273,592 shares during the period. GQG Partners LLC acquired a new stake in shares of Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC lifted its holdings in shares of Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Netflix during the first quarter worth $436,514,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in shares of Netflix during the first quarter worth $372,293,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $715.00, for a total value of $306,020.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated 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 in the company, valued at $19,128,159.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,226 shares of company stock valued at $129,858,692. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Evercore ISI increased their price target on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Sanford C. Bernstein increased their price target on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. UBS Group increased their price target on Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Benchmark increased their price target on Netflix from $450.00 to $545.00 and gave the stock a “sell” rating in a report on Tuesday, July 16th. Finally, Pivotal Research increased their price objective on Netflix from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

Netflix Trading Down 0.5 %

Netflix stock opened at $701.03 on Friday. 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 stock has a 50-day moving average price of $663.00 and a 200 day moving average price of $640.85. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $715.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping 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 firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter last year, the business posted $3.29 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research 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.