Mutual of America Capital Management LLC Sells 1,465 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mutual of America Capital Management LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 49,735 shares of the Internet television network's stock after selling 1,465 shares during the period. Netflix accounts for about 0.5% of Mutual of America Capital Management LLC's portfolio, making the stock its 22nd largest holding. Mutual of America Capital Management LLC's holdings in Netflix were worth $46,379,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its stake in Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new stake in Netflix in the 4th quarter worth about $873,000. New England Research & Management Inc. raised its stake in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares in the last quarter. First National Trust Co raised its position in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares in the last quarter. Finally, Xcel Wealth Management LLC raised its position in shares of Netflix by 15.2% in the 1st quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock valued at $459,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.4%

NFLX opened at $1,245.11 on Friday. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $529.88 billion, a price-to-earnings ratio of 58.84, a PEG ratio of 2.26 and a beta of 1.59. The company's 50 day moving average price is $1,221.70 and its two-hundred day moving average price is $1,049.85.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm posted $8.28 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Reed Hastings sold 9,673 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $523,669.34. This represents a 96.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,723 shares of company stock worth $223,307,201. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday. Rosenblatt Securities boosted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Robert W. Baird boosted their target price on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. KeyCorp boosted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Pivotal Research restated a "buy" rating on shares of Netflix in a research report on Thursday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,214.52.

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.

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