Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Neumann Capital Management LLC

Neumann Capital Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,078 shares of the Internet television network’s stock after selling 35 shares during the period. Neumann Capital Management LLC’s holdings in Netflix were worth $765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Cumberland Partners Ltd purchased a new position in Netflix in the 1st quarter valued at $270,000. Tocqueville Asset Management L.P. boosted its holdings in shares of Netflix by 17.8% in the first quarter. Tocqueville Asset Management L.P. now owns 2,719 shares of the Internet television network’s stock valued at $1,651,000 after acquiring an additional 411 shares in the last quarter. M&G Plc acquired a new position in shares of Netflix during the first quarter worth about $9,682,000. Pinkerton Retirement Specialists LLC purchased a new position in Netflix during the first quarter worth about $231,000. Finally, Jupiter Asset Management Ltd. lifted its position in Netflix by 12.4% in the first quarter. Jupiter Asset Management Ltd. now owns 153,524 shares of the Internet television network’s stock valued at $93,240,000 after purchasing an additional 16,933 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Wedbush upped their price objective on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Sanford C. Bernstein increased their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Canaccord Genuity Group upped their price target on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. Two investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Trading Up 0.8 %

Shares of NFLX opened at $837.26 on Friday. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $841.00. The stock has a fifty day moving average of $729.53 and a two-hundred day moving average of $676.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $357.90 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. As a group, analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 4,644 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,163,000. The trade was a 26.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 205,084 shares of company stock worth $146,747,101 in the last three months. Company insiders own 1.76% of the company’s stock.

About Netflix

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.