One Wealth Advisors LLC Sells 57 Shares of Netflix, Inc. (NASDAQ:NFLX)

One Wealth Advisors LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,096 shares of the Internet television network’s stock after selling 57 shares during the period. One Wealth Advisors LLC’s holdings in Netflix were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mezzasalma Advisors LLC boosted its stake in shares of Netflix by 1.4% during the third quarter. Mezzasalma Advisors LLC now owns 7,426 shares of the Internet television network’s stock valued at $5,267,000 after purchasing an additional 101 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in Netflix in the third quarter valued at approximately $216,000. Cornerstone Wealth Management LLC boosted its stake in Netflix by 3.0% in the third quarter. Cornerstone Wealth Management LLC now owns 2,649 shares of the Internet television network’s stock valued at $1,879,000 after acquiring an additional 77 shares in the last quarter. Rheos Capital Works Inc. boosted its stake in Netflix by 36.1% in the third quarter. Rheos Capital Works Inc. now owns 45,200 shares of the Internet television network’s stock valued at $32,059,000 after acquiring an additional 12,000 shares in the last quarter. Finally, SPC Financial Inc. acquired a new stake in Netflix in the third quarter valued at approximately $231,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NFLX. China Renaissance began coverage on shares of Netflix in a report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target for the company. Loop Capital raised their price target on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group raised their price target on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group raised their price target on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Guggenheim raised their price target on shares of Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $704.26.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 25,599 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $35,991.51. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX traded down $11.89 during midday trading on Thursday, reaching $690.11. 1,039,289 shares of the company’s stock were exchanged, compared to its average volume of 3,623,243. The stock has a market capitalization of $297.44 billion, a PE ratio of 47.89, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $736.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50-day moving average price is $692.63 and its 200 day moving average price is $653.38.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. During the same period in the previous year, the company posted $3.29 earnings per share. Netflix’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Netflix 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.