Massachusetts Financial Services Co. MA Has $2.65 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Massachusetts Financial Services Co. MA trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 43.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,929 shares of the Internet television network’s stock after selling 2,959 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Netflix were worth $2,652,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Obermeyer Wood Investment Counsel Lllp boosted its position in Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after acquiring an additional 17 shares during the last quarter. Private Portfolio Partners LLC grew its holdings in Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock valued at $633,000 after buying an additional 17 shares in the last quarter. FAS Wealth Partners Inc. increased its position in Netflix by 1.5% during the 2nd 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 period. Founders Financial Alliance LLC boosted its position in shares of Netflix by 2.4% in the fourth quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after acquiring an additional 18 shares during the period. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Netflix by 4.6% in the first quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. Evercore ISI boosted their price target on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Sanford C. Bernstein increased their price objective 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. Jefferies Financial Group increased 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. Macquarie restated an “outperform” rating and set a $685.00 price objective on shares of Netflix in a research report on Tuesday, July 16th. Finally, Redburn Atlantic upped their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One equities research 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, Netflix has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 428 shares of Netflix stock in a transaction on Thursday, September 19th. The shares were 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. In other news, Chairman Reed Hastings sold 22,526 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the sale, the chairman now directly owns 57 shares of the company’s stock, valued at $38,217.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 428 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,226 shares of company stock valued at $129,858,692. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

Netflix stock opened at $701.03 on Friday. The company has a 50 day moving average price of $663.00 and a 200-day moving average price of $640.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $715.66. The company has a market capitalization of $302.14 billion, a PE ratio of 48.65, a P/E/G ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during 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 company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.29 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current 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.