Winslow Evans & Crocker Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,076 shares of the Internet television network’s stock after selling 100 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Netflix were worth $764,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TCG Advisors LP bought a new stake in shares of Netflix in the 1st quarter worth approximately $36,000. SevenBridge Financial Group LLC raised its holdings in shares of Netflix by 66.7% in the 2nd quarter. SevenBridge Financial Group LLC now owns 125 shares of the Internet television network’s stock worth $46,000 after purchasing an additional 50 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of Netflix by 182.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 141 shares of the Internet television network’s stock worth $50,000 after purchasing an additional 91 shares during the period. Osborn Williams & Donohoe LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $55,000. Finally, Shamrock Asset Management LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $53,000. 77.06% of the stock is currently owned by institutional investors.

In related news, Director Ann Mather sold 1,208 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $375.00, for a total transaction of $453,000.00. Following the transaction, the director now owns 357 shares in the company, valued at $133,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 51,898 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $372.89, for a total transaction of $19,352,245.22. Following the transaction, the chief executive officer now owns 51,898 shares in the company, valued at approximately $19,352,245.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,862 shares of company stock valued at $56,966,404. Insiders own 3.72% of the company’s stock.

Netflix stock traded down $7.06 during mid-day trading on Tuesday, hitting $325.64. The company’s stock had a trading volume of 4,147,198 shares, compared to its average volume of 8,930,825. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06. The stock has a market cap of $147.02 billion, a PE ratio of 121.51, a price-to-earnings-growth ratio of 3.41 and a beta of 1.26. The business has a 50 day moving average of $355.61. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $386.80.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities analysts forecast that Netflix, Inc. will post 3.28 earnings per share for the current year.

A number of research analysts recently weighed in on NFLX shares. Goldman Sachs Group started coverage on shares of Enbridge in a research note on Thursday, July 18th. They issued a “neutral” rating for the company. Pivotal Research reiterated a “buy” rating and issued a $515.00 price objective (up from $500.00) on shares of Netflix in a research note on Wednesday, July 17th. Royal Bank of Canada reiterated a “neutral” rating and issued a $145.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. Loop Capital started coverage on shares of TENCENT HOLDING/ADR in a research note on Monday, June 3rd. They issued a “buy” rating for the company. Finally, Nomura lifted their price objective on shares of IBM from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Netflix currently has a consensus rating of “Buy” and an average price target of $390.47.

About Netflix

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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