Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 54,341 shares of the Internet television network’s stock after selling 2,399 shares during the quarter. Netflix comprises 0.4% of Mutual of America Capital Management LLC’s portfolio, making the stock its 26th biggest holding. Mutual of America Capital Management LLC’s holdings in Netflix were worth $36,674,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Obermeyer Wood Investment Counsel Lllp lifted its position in shares of Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock worth $378,000 after buying an additional 17 shares during the last quarter. Private Portfolio Partners LLC lifted its position in shares of Netflix by 1.7% in the first quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after buying an additional 17 shares during the last quarter. FAS Wealth Partners Inc. lifted its position in shares of Netflix by 1.5% in 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. Founders Financial Alliance LLC lifted its position in shares of Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after purchasing an additional 18 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Netflix by 4.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock worth $250,000 after purchasing an additional 18 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $706.91 on Wednesday. The company has a market capitalization of $304.68 billion, a price-to-earnings ratio of 49.06, a PEG ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33. The stock has a fifty day simple moving average of $660.64 and a 200 day simple moving average of $639.15. 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 quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.14. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.29 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NFLX shares. Rosenblatt Securities boosted their price objective on Netflix from $554.00 to $635.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Pivotal Research boosted 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. Guggenheim boosted their price objective on Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Bank of America boosted their price objective on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Citigroup upped their price target on Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $685.29.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Leslie J. Kilgore sold 1,372 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 196,798 shares of company stock valued at $129,552,672. 1.76% of the stock is currently 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.