Mesirow Financial Investment Management Inc. Sells 415 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mesirow Financial Investment Management Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.6% during the second quarter, HoldingsChannel reports. The firm owned 6,973 shares of the Internet television network’s stock after selling 415 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Netflix were worth $4,706,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp lifted its stake in shares of Netflix by 2.8% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after purchasing an additional 17 shares during the period. Private Portfolio Partners LLC lifted its stake in shares of 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 purchasing an additional 17 shares during the period. FAS Wealth Partners Inc. lifted its stake in shares of Netflix by 1.5% in the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock valued at $786,000 after purchasing an additional 17 shares during the period. Founders Financial Alliance LLC lifted its stake in shares of Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after purchasing an additional 18 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Netflix by 4.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after purchasing an additional 18 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $631.43, for a total transaction of $16,163,976.57. Following the completion of the sale, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. The disclosure for this sale can be found here. Insiders sold a total of 196,798 shares of company stock worth $129,552,672 over the last quarter. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NFLX. Rosenblatt Securities increased their price target on Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. China Renaissance started coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. KeyCorp raised their price objective on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Morgan Stanley raised their price objective on Netflix from $700.00 to $780.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Guggenheim raised their price objective on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $685.29.

Netflix Trading Up 1.5 %

Shares of NASDAQ:NFLX opened at $697.06 on Monday. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $711.33. The stock has a market cap of $299.16 billion, a PE ratio of 48.37, a P/E/G ratio of 1.40 and a beta of 1.26. The business has a 50 day moving average of $660.00 and a 200-day moving average of $637.88. 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 quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (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 company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the previous year, the company posted $3.29 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. As a group, equities research 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.