Leuthold Group LLC Sells 34 Shares of Netflix, Inc. (NASDAQ:NFLX)

Leuthold Group LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,891 shares of the Internet television network’s stock after selling 34 shares during the period. Netflix comprises approximately 1.2% of Leuthold Group LLC’s holdings, making the stock its 19th largest position. Leuthold Group LLC’s holdings in Netflix were worth $10,258,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NFLX. Concord Investment Counsel Inc. purchased a new stake in shares of Netflix in the first quarter worth $9,469,000. SYM FINANCIAL Corp increased its stake in Netflix by 5.1% in the 1st quarter. SYM FINANCIAL Corp now owns 454 shares of the Internet television network’s stock worth $276,000 after buying an additional 22 shares in the last quarter. VitalStone Financial LLC raised its holdings in Netflix by 129.0% during the first quarter. VitalStone Financial LLC now owns 142 shares of the Internet television network’s stock valued at $86,000 after acquiring an additional 80 shares during the period. Manchester Capital Management LLC raised its holdings in Netflix by 39.4% during the first quarter. Manchester Capital Management LLC now owns 478 shares of the Internet television network’s stock valued at $290,000 after acquiring an additional 135 shares during the period. Finally, Advisory Alpha LLC lifted its holdings in shares of Netflix by 5.7% in the first quarter. Advisory Alpha LLC now owns 1,564 shares of the Internet television network’s stock worth $950,000 after buying an additional 85 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Netflix stock traded up $1.03 during mid-day trading on Friday, hitting $653.78. The company had a trading volume of 1,526,483 shares, compared to its average volume of 3,891,125. The company has a market capitalization of $281.78 billion, a price-to-earnings ratio of 45.34, a P/E/G ratio of 1.46 and a beta of 1.27. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $697.49. The company’s fifty day moving average is $650.34 and its 200-day moving average is $595.84. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.88 EPS. Equities research analysts predict that Netflix, Inc. will post 18.31 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Rosenblatt Securities lifted their price target on shares of Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised their price target on Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a report on Friday. Sanford C. Bernstein upped their price objective on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Barclays raised their target price on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Macquarie upped their price target on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $642.43.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $15,443.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,385 shares of company stock valued at $44,469,351. 1.76% of the stock is 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.