Stratos Investment Management LLC Sells 472 Shares of Netflix, Inc. $NFLX

by · The Cerbat Gem

Stratos Investment Management LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,592 shares of the Internet television network’s stock after selling 472 shares during the quarter. Stratos Investment Management LLC’s holdings in Netflix were worth $19,541,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NFLX. Nuveen LLC bought a new position in shares of Netflix during the 1st quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC increased its position in shares of Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Amundi increased its position in shares of Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. Itau BBA Securities began coverage on Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price objective on the stock. Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Morgan Stanley set a $1,500.00 price target on Netflix in a research report on Monday. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Finally, UBS Group restated a “buy” rating and set a $1,495.00 price target on shares of Netflix in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,339.81.

View Our Latest Report on Netflix

Netflix Trading Down 1.6%

NASDAQ NFLX opened at $1,183.59 on Friday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day simple moving average of $1,213.72 and a two-hundred day simple moving average of $1,174.05. The stock has a market cap of $502.94 billion, a P/E ratio of 50.43, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 42,176 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company’s stock.

Netflix Profile

(Free Report)

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.

See Also

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