Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Leuthold Group LLC

Leuthold Group LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,741 shares of the Internet television network’s stock after selling 150 shares during the quarter. Netflix makes up 1.3% of Leuthold Group LLC’s investment portfolio, making the stock its 15th largest position. Leuthold Group LLC’s holdings in Netflix were worth $11,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. M&G Plc purchased a new stake in Netflix in the 1st quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd increased its position in Netflix by 24.4% during the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in Netflix during the 4th quarter worth about $9,513,000. Scotia Capital Inc. raised its stake in Netflix by 9.1% in the 4th quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in Netflix in the 4th quarter valued at about $3,700,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $690.47 on Thursday. The firm has a market cap of $297.59 billion, a price-to-earnings ratio of 47.92, a PEG 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. The business’s 50 day moving average is $660.90 and its two-hundred day moving average is $639.51. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $711.33.

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. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.29 EPS. Analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Argus boosted their price objective on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. The Goldman Sachs Group increased their price target on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. KeyCorp lifted their price objective on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Loop Capital increased their target price on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Macquarie restated an “outperform” rating and issued a $685.00 price target on shares of Netflix in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $685.29.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the sale, the director now owns 95,040 shares in the company, valued at $65,299,132.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was 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 directly owns 95,040 shares in the company, valued at approximately $65,299,132.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 1,372 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total transaction of $966,999.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,798 shares of company stock worth $129,552,672. Corporate insiders own 1.76% of the company’s stock.

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.