Burns J W & Co. Inc. NY Sells 85 Shares of Netflix, Inc. (NASDAQ:NFLX)

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Burns J W & Co. Inc. NY trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,926 shares of the Internet television network’s stock after selling 85 shares during the period. Netflix comprises about 1.7% of Burns J W & Co. Inc. NY’s investment portfolio, making the stock its 15th largest position. Burns J W & Co. Inc. NY’s holdings in Netflix were worth $7,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in Netflix by 5.4% in the first quarter. Parkside Financial Bank & Trust now owns 529 shares of the Internet television network’s stock valued at $189,000 after purchasing an additional 27 shares in the last quarter. Investment House LLC grew its stake in Netflix by 3.1% in the first quarter. Investment House LLC now owns 954 shares of the Internet television network’s stock valued at $340,000 after purchasing an additional 29 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA grew its stake in Netflix by 0.4% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock valued at $2,599,000 after purchasing an additional 30 shares in the last quarter. Harfst & Associates Inc. grew its stake in Netflix by 3.5% in the first quarter. Harfst & Associates Inc. now owns 992 shares of the Internet television network’s stock valued at $353,000 after purchasing an additional 34 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC grew its stake in Netflix by 1.9% in the first quarter. WESPAC Advisors SoCal LLC now owns 1,910 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 76.94% of the company’s stock.

In other Netflix news, Director Bradford L. Smith bought 6,499 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $308.49 per share, for a total transaction of $2,004,876.51. Following the transaction, the director now directly owns 799 shares in the company, valued at $246,483.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Reed Hastings sold 51,898 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $372.89, for a total value of $19,352,245.22. Following the sale, the chief executive officer now owns 51,898 shares in the company, valued at approximately $19,352,245.22. The disclosure for this sale can be found here. Insiders sold a total of 165,862 shares of company stock worth $56,966,404 in the last quarter. Corporate insiders own 4.29% of the company’s stock.

Shares of NFLX stock opened at $295.76 on Friday. The stock’s fifty day simple moving average is $340.56 and its 200 day simple moving average is $354.07. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $386.80. The firm has a market capitalization of $136.09 billion, a P/E ratio of 110.36, a P/E/G ratio of 3.16 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 26.0% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 3.28 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. BidaskClub downgraded Netflix from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Imperial Capital reduced their target price on Netflix from $463.00 to $458.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. BMO Capital Markets reduced their target price on Netflix from $470.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. Evercore ISI reiterated an “outperform” rating and set a $380.00 target price (up from $350.00) on shares of Netflix in a research note on Wednesday, July 10th. Finally, Wedbush lifted their target price on Netflix from $183.00 to $188.00 and gave the stock an “underperform” rating in a research note on Thursday, July 18th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Netflix has a consensus rating of “Buy” and an average target price of $390.47.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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