Netflix, Inc. (NFLX) Shares Sold by Aviva PLC

Aviva PLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,789 shares of the Internet television network’s stock after selling 9,732 shares during the quarter. Aviva PLC owned 0.06% of Netflix worth $102,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NFLX. Berkeley Capital Partners LLC lifted its holdings in Netflix by 17.3% during the second quarter. Berkeley Capital Partners LLC now owns 1,008 shares of the Internet television network’s stock valued at $273,000 after purchasing an additional 149 shares in the last quarter. Capstone Financial Advisors Inc. lifted its holdings in Netflix by 17.8% during the second quarter. Capstone Financial Advisors Inc. now owns 1,006 shares of the Internet television network’s stock valued at $394,000 after purchasing an additional 152 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in Netflix by 9.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,740 shares of the Internet television network’s stock valued at $681,000 after purchasing an additional 153 shares in the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in Netflix by 22.1% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 855 shares of the Internet television network’s stock valued at $335,000 after purchasing an additional 155 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in Netflix by 30.6% during the third quarter. Sound Income Strategies LLC now owns 675 shares of the Internet television network’s stock valued at $253,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 74.12% of the company’s stock.

Shares of NFLX opened at $258.82 on Monday. Netflix, Inc. has a fifty-two week low of $178.38 and a fifty-two week high of $423.21. The firm has a market capitalization of $112.87 billion, a P/E ratio of 207.06, a price-to-earnings-growth ratio of 3.26 and a beta of 1.18. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.66.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share. Netflix’s quarterly revenue was up 34.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 2.65 EPS for the current year.

In related news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $366.76, for a total value of $366,760.00. Following the sale, the chief financial officer now owns 1,000 shares in the company, valued at $366,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Reed Hastings sold 99,883 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $368.25, for a total transaction of $36,781,914.75. Following the completion of the sale, the chief executive officer now owns 99,883 shares in the company, valued at approximately $36,781,914.75. The disclosure for this sale can be found here. Insiders sold 256,058 shares of company stock worth $88,018,559 in the last 90 days. 4.29% of the stock is currently owned by company insiders.

Several equities analysts have weighed in on NFLX shares. MKM Partners lifted their price target on shares of Netflix from $395.00 to $415.00 and gave the company a “buy” rating in a report on Friday, November 16th. Royal Bank of Canada lifted their price target on shares of Netflix to $450.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. Atlantic Securities reaffirmed a “buy” rating and set a $413.00 price target on shares of Netflix in a report on Monday, September 3rd. JPMorgan Chase & Co. lifted their price target on shares of Netflix to $450.00 and gave the company an “overweight” rating in a report on Wednesday, October 17th. Finally, Robert W. Baird set a $370.00 price target on shares of Netflix and gave the company a “neutral” rating in a report on Tuesday, September 4th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $379.20.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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