Stratos Investment Management LLC Sells 472 Shares of Netflix, Inc. $NFLX

Key Points

• Stratos Investment Management LLC reduced its stake in Netflix by 3.1%, now holding 14,592 shares valued at approximately $19.54 million.
• Analyst ratings for Netflix have varied, with Zacks downgrading it from "strong buy" to "hold" while BMO Capital Markets maintained an "outperform" rating with a price target increase to $1,425.
• Netflix reported strong quarterly earnings with $7.19 EPS, exceeding analysts' expectations and marking a 15.9% revenue increase year-over-year.

Stratos Investment Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,592 shares of the Internet television network's stock after selling 472 shares during the quarter. Stratos Investment Management LLC's holdings in Netflix were worth $19,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of NFLX. Stephens Consulting LLC grew its stake in Netflix by 150.0% in the 2nd 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 during the period. Flaharty Asset Management LLC bought a new position in Netflix in the 1st quarter valued at $37,000. Maseco LLP bought a new position in Netflix in the 2nd quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in Netflix in the 1st quarter valued at $42,000. Finally, 1248 Management LLC bought a new position in Netflix in the 1st quarter valued at $43,000. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Citigroup reaffirmed a "neutral" rating and set a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Finally, Wedbush reaffirmed an "outperform" rating on shares of Netflix in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,339.81.

Netflix Stock Performance

Shares of NFLX opened at $1,183.59 on Friday. The stock's 50-day simple moving average is $1,213.72 and its 200 day simple moving average is $1,174.05. The stock has a market capitalization of $502.94 billion, a price-to-earnings ratio of 50.43, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. 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.

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

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

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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