Oxinas Partners Wealth Management LLC Sells 36 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Oxinas Partners Wealth Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 7.3% in the third quarter, Holdings Channel reports. The firm owned 460 shares of the Internet television network’s stock after selling 36 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Netflix were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Denver PWM LLC bought a new stake in Netflix in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC increased its holdings in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. Proffitt & Goodson Inc. lifted 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 buying an additional 38 shares during the period. AlphaMark Advisors LLC grew its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after buying an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO grew its holdings in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NFLX traded down $7.02 during trading on Tuesday, reaching $705.98. The stock had a trading volume of 2,929,369 shares, compared to its average volume of 3,641,881. The business has a 50-day moving average of $690.82 and a 200-day moving average of $653.04. Netflix, Inc. has a one year low of $344.73 and a one year high of $736.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $304.28 billion, a PE ratio of 48.99, a PEG ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX – Get Free Report) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.29 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NFLX shares. Sanford C. Bernstein upped their target price on shares of Netflix from $600.00 to $625.00 and gave the stock a “market perform” rating in a research note on Friday, July 19th. China Renaissance assumed coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 price target on the stock. Bank of America boosted their target price on shares of Netflix from $700.00 to $740.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Redburn Atlantic raised their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Morgan Stanley raised their price objective on Netflix from $780.00 to $820.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $702.79.

Get Our Latest Stock Report on Netflix

Insider Buying and Selling

In other news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Leslie J. Kilgore sold 383 shares of Netflix stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $25,741,260. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 over the last ninety days. 1.76% of the stock is owned by insiders.

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.

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