Roof Eidam Maycock Peralta LLC Has $757,000 Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Roof Eidam Maycock Peralta LLC reduced its Netflix stock holdings by 46.9% in the second quarter, now owning 565 shares valued at approximately $757,000.
• Insider trading activity includes Director Reed Hastings selling 42,176 shares for nearly $49.43 million, significantly decreasing his ownership in the company.
• Analysts generally maintain a buy rating for Netflix, with an average target price of $1,339.81, reflecting confidence in the company's future performance despite recent stock trends.

Roof Eidam Maycock Peralta LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 46.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 565 shares of the Internet television network's stock after selling 500 shares during the period. Roof Eidam Maycock Peralta LLC's holdings in Netflix were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NFLX. Stephens Consulting LLC boosted its position in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after acquiring an additional 15 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $37,000. Maseco LLP acquired a new stake in shares of Netflix during the 2nd quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In other Netflix news, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by insiders.

Netflix Stock Down 1.6%

Netflix stock opened at $1,183.59 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a 50 day moving average price of $1,213.72 and a two-hundred day moving average price of $1,174.05. The firm has a market cap of $502.94 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the business earned $4.88 EPS. The company's revenue was up 15.9% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NFLX shares. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. Pivotal Research restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Barclays reiterated a "sell" rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Sanford C. Bernstein raised their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,339.81.

Netflix 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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