Cypress Financial Planning LLC Has $757,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cypress Financial Planning LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 8.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,067 shares of the Internet television network’s stock after selling 99 shares during the period. Cypress Financial Planning LLC’s holdings in Netflix were worth $757,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Heartland Bank & Trust Co lifted its position 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 acquiring an additional 15 shares during the last quarter. Meritas Wealth Management LLC increased its stake in Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after acquiring an additional 16 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its stake in Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after acquiring an additional 17 shares during the last quarter. Private Portfolio Partners LLC increased its stake in Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after acquiring an additional 17 shares during the last quarter. Finally, FAS Wealth Partners Inc. grew its stake in shares of Netflix by 1.5% during the second quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after buying an additional 17 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Netflix stock traded down $17.78 during trading on Monday, hitting $701.92. The stock had a trading volume of 3,353,714 shares, compared to its average volume of 3,672,349. The stock has a market cap of $302.53 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. The stock’s 50 day moving average is $676.85 and its two-hundred day moving average is $648.20. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $725.26. 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 posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the business posted $3.29 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 19.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NFLX shares. Macquarie reiterated an “outperform” rating and issued a $685.00 price target on shares of Netflix in a research note on Tuesday, July 16th. Redburn Atlantic boosted their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. TD Cowen boosted their price objective on Netflix from $775.00 to $820.00 and gave the stock a “buy” rating in a research report on Monday. China Renaissance assumed coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Finally, Piper Sandler upgraded Netflix from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $650.00 to $800.00 in a research report on Monday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $691.76.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $291,450.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $25,564,950. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 4,392 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 224,784 shares of company stock valued at $150,212,870 over the last 90 days. 1.76% of the stock is owned by insiders.

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.