Schnieders Capital Management LLC Has $1.76 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Key Points

• Schnieders Capital Management LLC reduced its stake in Netflix by 32.8%, owning 1,887 shares valued at approximately $1.76 million at the end of the most recent quarter.
• Multiple institutional investors have recently modified their Netflix holdings, with Halbert Hargrove Global Advisors increasing its stake by 100% and several others acquiring new positions worth between $25,000 and $42,000.
• Netflix reported $7.19 EPS for the last quarter, beating estimates, along with a 15.9% year-over-year revenue increase to $11.08 billion.

Schnieders Capital Management LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,887 shares of the Internet television network's stock after selling 920 shares during the quarter. Schnieders Capital Management LLC's holdings in Netflix were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the last quarter. BIP Wealth LLC raised its position in Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after acquiring an additional 87 shares in the last quarter. Peapack Gladstone Financial Corp lifted its stake in Netflix by 2.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 4,262 shares of the Internet television network's stock valued at $3,798,000 after acquiring an additional 101 shares during the last quarter. Finally, Shelton Capital Management grew its position in Netflix by 2.5% in the fourth quarter. Shelton Capital Management now owns 76,052 shares of the Internet television network's stock worth $67,787,000 after acquiring an additional 1,859 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 151,584 shares of company stock worth $185,411,484 over the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NFLX stock traded up $30.61 during mid-day trading on Wednesday, reaching $1,178.48. The company's stock had a trading volume of 3,354,993 shares, compared to its average volume of 3,992,615. The firm's 50-day moving average is $1,232.75 and its two-hundred day moving average is $1,088.27. The company has a market cap of $500.77 billion, a P/E ratio of 50.21, a PEG ratio of 1.93 and a beta of 1.59. Netflix, Inc. has a 1-year low of $610.64 and a 1-year high of $1,341.15. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NFLX shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Friday, July 18th. Loop Capital restated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Robert W. Baird upped their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Guggenheim restated a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.