Netflix, Inc. (NFLX) Shares Sold by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,250 shares of the Internet television network’s stock after selling 2,000 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Netflix were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in Netflix by 36.6% during the third quarter. Fisher Asset Management LLC now owns 2,111 shares of the Internet television network’s stock worth $383,000 after buying an additional 566 shares in the last quarter. Arcadia Investment Management Corp MI boosted its holdings in Netflix by 13.9% during the third quarter. Arcadia Investment Management Corp MI now owns 6,770 shares of the Internet television network’s stock worth $1,228,000 after buying an additional 825 shares in the last quarter. Asset Dedication LLC boosted its holdings in Netflix by 14.1% during the third quarter. Asset Dedication LLC now owns 3,083 shares of the Internet television network’s stock worth $553,000 after buying an additional 381 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Netflix during the third quarter worth about $1,287,000. Finally, Stokes & Hubbell Capital Management LLC purchased a new stake in Netflix during the third quarter worth about $226,000. 81.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and set a $205.00 price objective (up previously from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Stifel Nicolaus boosted their price objective on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective on the stock in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price target on shares of Netflix in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $207.30.

In other Netflix news, insider Jonathan Friedland sold 3,622 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $166.07, for a total value of $15,507,616.60. Following the completion of the transaction, the chief executive officer now directly owns 93,380 shares in the company, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. In the last three months, insiders sold 196,074 shares of company stock worth $34,569,862. Insiders own 4.90% of the company’s stock.

Netflix, Inc. (NFLX) traded down 0.24% during midday trading on Monday, reaching $193.69. The company had a trading volume of 3,301,310 shares. The stock’s 50 day moving average is $186.73 and its 200 day moving average is $167.39. Netflix, Inc. has a 12-month low of $110.68 and a 12-month high of $204.38. The firm has a market capitalization of $83.75 billion, a price-to-earnings ratio of 193.50 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post $1.25 earnings per share for the current year.

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A number of other hedge funds also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in Netflix by 36.6% during the third quarter. Fisher Asset Management LLC now owns 2,111 shares of the Internet television network’s stock worth $383,000 after buying an additional 566 shares in the last quarter. Arcadia Investment Management Corp MI boosted its holdings in Netflix by 13.9% during the third quarter. Arcadia Investment Management Corp MI now owns 6,770 shares of the Internet television network’s stock worth $1,228,000 after buying an additional 825 shares in the last quarter. Asset Dedication LLC boosted its holdings in Netflix by 14.1% during the third quarter. Asset Dedication LLC now owns 3,083 shares of the Internet television network’s stock worth $553,000 after buying an additional 381 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in Netflix during the third quarter worth about $1,287,000. Finally, Stokes & Hubbell Capital Management LLC purchased a new stake in Netflix during the third quarter worth about $226,000. 81.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and set a $205.00 price objective (up previously from $165.00) on shares of Netflix in a report on Tuesday, July 18th. Stifel Nicolaus boosted their price objective on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. J P Morgan Chase & Co reissued an “overweight” rating and set a $225.00 price objective (up previously from $210.00) on shares of Netflix in a report on Friday, October 13th. Vetr raised shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price objective on the stock in a report on Thursday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price target on shares of Netflix in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $207.30.

In other Netflix news, insider Jonathan Friedland sold 3,622 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $194.89, for a total value of $705,891.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $166.07, for a total value of $15,507,616.60. Following the completion of the transaction, the chief executive officer now directly owns 93,380 shares in the company, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. In the last three months, insiders sold 196,074 shares of company stock worth $34,569,862. Insiders own 4.90% of the company’s stock.

Netflix, Inc. (NFLX) traded down 0.24% during midday trading on Monday, reaching $193.69. The company had a trading volume of 3,301,310 shares. The stock’s 50 day moving average is $186.73 and its 200 day moving average is $167.39. Netflix, Inc. has a 12-month low of $110.68 and a 12-month high of $204.38. The firm has a market capitalization of $83.75 billion, a price-to-earnings ratio of 193.50 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post $1.25 earnings per share for the current year.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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