Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 26.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 595 shares of the Internet television network’s stock after selling 214 shares during the quarter. Oxbow Advisors LLC’s holdings in Netflix were worth $402,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Denver PWM LLC acquired a new position in Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC increased its position in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC lifted its position in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in shares of Netflix in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,831 shares of company stock valued at $102,721,884. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Down 2.6 %

Shares of NASDAQ NFLX traded down $17.85 on Friday, reaching $665.77. 2,991,265 shares of the company traded hands, compared to its average volume of 3,796,436. The stock has a market capitalization of $286.95 billion, a PE ratio of 46.20, a P/E/G ratio of 1.44 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $711.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $659.89 and a 200 day moving average of $633.82.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.29 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NFLX shares. Jefferies Financial Group boosted their price target on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Redburn Atlantic increased their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Oppenheimer restated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research note on Tuesday, July 30th. Sanford C. Bernstein increased their price objective on Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Finally, TD Cowen boosted their target price on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $685.29.

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.