EULAV Asset Management Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

EULAV Asset Management cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the third quarter, Holdings Channel.com reports. The firm owned 25,606 shares of the Internet television network’s stock after selling 900 shares during the quarter. EULAV Asset Management’s holdings in Netflix were worth $18,162,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Denver PWM LLC purchased a new position in Netflix in the second quarter worth approximately $25,000. Proffitt & Goodson Inc. grew its position in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position 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 worth $34,000 after acquiring an additional 42 shares during the period. AlphaMark Advisors LLC grew its position in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter worth approximately $37,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,277 shares of company stock worth $132,875,601. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 2.9 %

Shares of Netflix stock opened at $871.32 on Wednesday. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $874.49. The business has a 50 day moving average price of $743.15 and a 200 day moving average price of $685.41. The company has a market capitalization of $372.45 billion, a P/E ratio of 49.31, a P/E/G ratio of 1.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Loop Capital upped their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays reiterated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a research note on Friday, October 18th. Canaccord Genuity Group increased their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company increased their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $758.76.

About Netflix

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.