Netflix, Inc. (NASDAQ:NFLX) is WP Advisors LLC’s 8th Largest Position

WP Advisors LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,474 shares of the Internet television network’s stock after selling 1,374 shares during the quarter. Netflix makes up approximately 3.0% of WP Advisors LLC’s portfolio, making the stock its 8th biggest position. WP Advisors LLC’s holdings in Netflix were worth $8,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after acquiring an additional 106,756 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Netflix by 3.1% during the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after acquiring an additional 104,332 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Netflix by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock valued at $2,214,488,000 after acquiring an additional 83,762 shares in the last quarter. Finally, GQG Partners LLC bought a new position in shares of Netflix during the first quarter valued at approximately $1,450,476,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 1.6 %

Shares of NASDAQ:NFLX opened at $823.96 on Monday. The stock has a market capitalization of $352.21 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day simple moving average is $735.77 and its two-hundred day simple moving average is $681.37. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 30.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 1,372 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was 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. Insiders have sold 205,084 shares of company stock valued at $146,747,101 over the last quarter. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on NFLX shares. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. TD Cowen increased their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays reiterated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix Company 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.