WP Advisors LLC Has $8.14 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

WP Advisors LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,474 shares of the Internet television network’s stock after selling 1,374 shares during the quarter. Netflix accounts for approximately 3.0% of WP Advisors LLC’s portfolio, making the stock its 8th largest position. WP Advisors LLC’s holdings in Netflix were worth $8,138,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NFLX. Acadian Asset Management LLC grew its position in Netflix by 15.6% in the 1st quarter. Acadian Asset Management LLC now owns 22,840 shares of the Internet television network’s stock valued at $13,868,000 after purchasing an additional 3,077 shares during the period. Jacobi Capital Management LLC grew its position in Netflix by 15.2% in the 1st quarter. Jacobi Capital Management LLC now owns 912 shares of the Internet television network’s stock valued at $554,000 after purchasing an additional 120 shares during the period. Trustmark National Bank Trust Department acquired a new stake in Netflix in the 1st quarter valued at $1,037,000. Bahl & Gaynor Inc. grew its position in Netflix by 10.7% in the 1st quarter. Bahl & Gaynor Inc. now owns 685 shares of the Internet television network’s stock valued at $416,000 after purchasing an additional 66 shares during the period. Finally, PAX Financial Group LLC acquired a new stake in Netflix in the 1st quarter valued at $298,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 1.6 %

Shares of NFLX opened at $823.96 on Monday. The business’s 50-day moving average price is $735.77 and its 200-day moving average price is $681.37. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $841.00. The stock has a market cap of $352.21 billion, a PE ratio of 46.63, a P/E/G ratio of 1.59 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share 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 for the quarter, compared to analysts’ expectations of $9.77 billion. On average, equities analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NFLX shares. Wedbush lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Jefferies Financial Group lifted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and set a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $748.15.

Insider Activity

In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 1.01 % 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 13,791 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. This trade represents a 30.38 % decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Company Profile

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.