First Heartland Consultants Inc. Reduces Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

First Heartland Consultants Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 756 shares of the Internet television network’s stock after selling 20 shares during the quarter. First Heartland Consultants Inc.’s holdings in Netflix were worth $536,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Denver PWM LLC acquired a new stake in shares of Netflix during the second quarter worth about $25,000. Proffitt & Goodson Inc. raised its holdings in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares in the last quarter. Finally, First Personal Financial Services acquired a new stake in Netflix in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,644 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 205,084 shares of company stock worth $146,747,101 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.7 %

Shares of NFLX stock opened at $819.50 on Wednesday. Netflix, Inc. has a 12 month low of $442.60 and a 12 month high of $820.37. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $723.63 and its two-hundred day moving average is $673.70. The company has a market cap of $350.30 billion, a PE ratio of 46.38, a price-to-earnings-growth ratio of 1.55 and a beta of 1.25.

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

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Loop Capital raised their price objective on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Barclays restated an “underweight” rating and set a $550.00 target price on shares of Netflix in a research report on Friday, October 18th. Finally, KeyCorp lifted their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $748.15.

Netflix 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.