Netflix, Inc. $NFLX Shares Bought by Davis R M Inc.

Davis R M Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 303,508 shares of the Internet television network’s stock after acquiring an additional 19,531 shares during the quarter. Davis R M Inc.’s holdings in Netflix were worth $29,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in shares of Netflix in the third quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Netflix during the third quarter worth $103,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Netflix during the second quarter worth $121,000. Wiser Advisor Group LLC acquired a new stake in shares of Netflix during the third quarter worth $114,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 9.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Seaport Research Partners lowered Netflix from a “buy” rating to a “neutral” rating in a research report on Monday. The Goldman Sachs Group downgraded Netflix from an “underweight” rating to a “sell” rating in a report on Monday. President Capital upped their price objective on shares of Netflix from $133.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Stephens assumed coverage on shares of Netflix in a report on Friday, July 17th. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group decreased their target price on shares of Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $103.48.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Negative Sentiment: Netflix’s Q2 results beat EPS expectations, but revenue came in slightly below consensus and management signaled growth could slow to around 12% in Q3, raising concerns about momentum. Netflix Has Plummeted Over the Past Year and Just Dropped Again on Earnings. At 22 Times Profits, Is It a Buy?
• Negative Sentiment: Investors are also reacting to a “valuation reset” and weaker transparency after Netflix said it will report key viewership metrics less often, making it harder to measure progress. Is Netflix Asking Investors To Trust A Story It Will No Longer Tell?
• Negative Sentiment: The selloff has been amplified by bearish calls and articles arguing that sentiment remains weak, with some analysts saying the stock still has room to fall despite the recent drop. ‘Scratching the Surface,’ Says Top Investor About Netflix Stock
• Negative Sentiment: Netflix also completed a $1 billion senior notes offering to refinance debt, which is financially prudent but may reinforce the market’s focus on capital structure rather than growth. Netflix Issues $1 Billion Senior Notes to Refinance Debt

Netflix Trading Down 0.2%

Shares of NASDAQ:NFLX opened at $68.53 on Thursday. The firm has a fifty day moving average of $79.04 and a two-hundred day moving average of $86.31. The firm has a market capitalization of $285.35 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The company has a quick ratio of 1.41, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Netflix’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the completion of the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $10,725,370.39. This trade represents a 18.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the sale, the chief executive officer owned 284,804 shares of the company’s stock, valued at approximately $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 899,839 shares of company stock valued at $80,141,661. Corporate insiders own 1.24% of the company’s stock.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.