Stableford Capital II LLC Sells 337 Shares of Netflix, Inc. $NFLX

Key Points

• Stableford Capital II LLC reduced its stake in Netflix, Inc. by 32.3%, selling 337 shares and ending with 707 shares worth approximately $947,000.
• Despite some investors trimming their positions, 80.93% of Netflix's stock is owned by institutional investors, with notable increases from firms like Stephens Consulting LLC.
• Analysts have varied ratings for Netflix, with an average price target of $1,337.63 and a mix of ratings, showing continued confidence in the company's potential growth.

Stableford Capital II LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 707 shares of the Internet television network's stock after selling 337 shares during the period. Stableford Capital II LLC's holdings in Netflix were worth $947,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC lifted its holdings in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after purchasing an additional 15 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $37,000. Maseco LLP acquired a new stake in shares of Netflix in the second quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $43,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NFLX. Wells Fargo & Company lifted their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. UBS Group set a $1,425.00 target price on Netflix in a research report on Tuesday, October 7th. KeyCorp lifted their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, TD Cowen lowered their target price on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,337.63.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

Netflix stock opened at $1,203.29 on Thursday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The stock's 50 day moving average is $1,213.65 and its 200-day moving average is $1,172.31. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $511.31 billion, a price-to-earnings ratio of 51.27, a PEG ratio of 2.04 and a beta of 1.59.

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

About Netflix

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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