SeaCrest Wealth Management LLC Has $2.26 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

SeaCrest Wealth Management LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,143 shares of the Internet television network’s stock after selling 292 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Netflix were worth $2,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FDx Advisors Inc. raised its stake in Netflix by 7.0% in the second quarter. FDx Advisors Inc. now owns 3,795 shares of the Internet television network’s stock valued at $1,394,000 after purchasing an additional 249 shares in the last quarter. Crossvault Capital Management LLC grew its position in Netflix by 2.5% in the second quarter. Crossvault Capital Management LLC now owns 10,578 shares of the Internet television network’s stock valued at $3,886,000 after acquiring an additional 260 shares during the last quarter. Bessemer Group Inc. grew its position in Netflix by 52.6% in the second quarter. Bessemer Group Inc. now owns 386,772 shares of the Internet television network’s stock valued at $142,069,000 after acquiring an additional 133,235 shares during the last quarter. Machina Capital S.A.S. grew its position in Netflix by 6.3% in the second quarter. Machina Capital S.A.S. now owns 4,838 shares of the Internet television network’s stock valued at $1,777,000 after acquiring an additional 288 shares during the last quarter. Finally, Sonora Investment Management LLC grew its position in Netflix by 154.4% in the second quarter. Sonora Investment Management LLC now owns 1,015 shares of the Internet television network’s stock valued at $373,000 after acquiring an additional 616 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

NFLX traded down $2.19 during trading on Wednesday, hitting $323.74. The company’s stock had a trading volume of 5,041,718 shares, compared to its average volume of 8,930,825. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $386.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day simple moving average is $354.99. The stock has a market capitalization of $147.02 billion, a price-to-earnings ratio of 120.80, a P/E/G ratio of 3.41 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 3.28 earnings per share for the current fiscal year.

A number of research firms have issued reports on NFLX. Pivotal Research reiterated a “buy” rating and issued a $515.00 target price (up previously from $500.00) on shares of Netflix in a research report on Wednesday, July 17th. Wedbush lifted their target price on Netflix from $183.00 to $188.00 and gave the company an “underperform” rating in a research report on Thursday, July 18th. Imperial Capital decreased their target price on Netflix from $463.00 to $458.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Buckingham Research decreased their target price on Netflix from $382.00 to $358.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Finally, Credit Suisse Group set a $440.00 target price on Netflix and gave the company a “buy” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $390.47.

In other news, CEO Reed Hastings sold 55,342 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $309.54, for a total transaction of $17,130,562.68. Following the completion of the transaction, the chief executive officer now owns 55,342 shares in the company, valued at approximately $17,130,562.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 1,208 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $375.00, for a total value of $453,000.00. Following the transaction, the director now owns 357 shares of the company’s stock, valued at approximately $133,875. The disclosure for this sale can be found here. Insiders have sold a total of 165,862 shares of company stock valued at $56,966,404 in the last quarter. 3.72% of the stock is owned by corporate insiders.

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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