United Services Automobile Association Sells 667 Shares of Netflix, Inc. (NASDAQ:NFLX)

United Services Automobile Association decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the second quarter, HoldingsChannel reports. The firm owned 12,231 shares of the Internet television network’s stock after selling 667 shares during the quarter. United Services Automobile Association’s holdings in Netflix were worth $8,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&G Plc bought a new position in shares of Netflix during the first quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd raised its holdings in Netflix by 24.4% in the 1st quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Netflix in the 4th quarter worth about $9,513,000. Bedel Financial Consulting Inc. bought a new stake in shares of Netflix during the 4th quarter valued at about $224,000. Finally, Scotia Capital Inc. increased its position in shares of Netflix by 9.1% during the fourth quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after buying an additional 2,110 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.6 %

Shares of Netflix stock opened at $670.01 on Monday. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $659.89 and its 200 day moving average is $634.66. The company has a market cap of $287.55 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released 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 for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.29 EPS. Research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wedbush restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a report on Monday, May 20th. Redburn Atlantic raised their target price on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. KeyCorp upped their price target on Netflix from $707.00 to $735.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Loop Capital increased their price objective on Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Macquarie restated an “outperform” rating and set a $685.00 target price on shares of Netflix in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $685.29.

Insider Buying and Selling at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 1,372 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $704.81, for a total transaction of $966,999.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on 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 directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 1,372 shares of Netflix stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total value of $966,999.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,831 shares of company stock valued at $102,721,884. 1.76% of the stock is owned by company insiders.

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.