Netflix, Inc. (NASDAQ:NFLX) Holdings Decreased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 85.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,071 shares of the Internet television network’s stock after selling 6,517 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Netflix were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Schmidt P J Investment Management Inc. raised its stake in shares of Netflix by 3.1% during the second quarter. Schmidt P J Investment Management Inc. now owns 656 shares of the Internet television network’s stock valued at $338,000 after purchasing an additional 20 shares in the last quarter. Parcion Private Wealth LLC grew its holdings in Netflix by 1.3% during the second quarter. Parcion Private Wealth LLC now owns 1,609 shares of the Internet television network’s stock worth $850,000 after acquiring an additional 20 shares during the period. Purus Wealth Management LLC grew its holdings in Netflix by 2.8% during the second quarter. Purus Wealth Management LLC now owns 724 shares of the Internet television network’s stock worth $382,000 after acquiring an additional 20 shares during the period. LexAurum Advisors LLC grew its holdings in Netflix by 2.8% during the second quarter. LexAurum Advisors LLC now owns 732 shares of the Internet television network’s stock worth $387,000 after acquiring an additional 20 shares during the period. Finally, Lakeview Capital Partners LLC grew its holdings in Netflix by 3.0% during the first quarter. Lakeview Capital Partners LLC now owns 718 shares of the Internet television network’s stock worth $375,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

Shares of NASDAQ:NFLX opened at $577.76 on Wednesday. The business’s fifty day moving average price is $542.64 and its two-hundred day moving average price is $524.21. Netflix, Inc. has a fifty-two week low of $458.60 and a fifty-two week high of $615.60. The stock has a market capitalization of $255.71 billion, a price-to-earnings ratio of 59.87, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.23 and a quick ratio of 1.23.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, July 19th. The Internet television network reported $2.97 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.19). Netflix had a net margin of 15.92% and a return on equity of 36.49%. The company had revenue of $7.34 billion during the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the company earned $1.59 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 10.38 EPS for the current fiscal year.

In other news, Director Jay C. Hoag sold 8,960 shares of the company’s stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $513.41, for a total transaction of $4,600,153.60. Following the transaction, the director now owns 1,498 shares of the company’s stock, valued at $769,088.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 809 shares of the company’s stock in a transaction on Tuesday, September 7th. The shares were sold at an average price of $600.00, for a total value of $485,400.00. The disclosure for this sale can be found here. Insiders sold 17,649 shares of company stock worth $9,729,194 over the last quarter. Company insiders own 3.40% of the company’s stock.

A number of research analysts recently issued reports on NFLX shares. KGI Securities started coverage on Netflix in a report on Tuesday, June 1st. They set a “neutral” rating on the stock. KeyCorp lowered their target price on Netflix from $650.00 to $645.00 and set an “overweight” rating on the stock in a report on Wednesday, July 21st. Oppenheimer reaffirmed a “buy” rating and set a $620.00 target price on shares of Netflix in a report on Wednesday, July 21st. Jefferies Financial Group began coverage on Netflix in a research note on Wednesday, July 21st. They issued a “buy” rating and a $620.00 price target on the stock. Finally, Citigroup lifted their price target on Netflix from $570.00 to $595.00 and gave the stock a “neutral” rating in a research note on Thursday, September 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $616.79.

Netflix Profile

Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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