Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,033 shares of the Internet television network’s stock after selling 30 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Netflix were worth $1,372,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its holdings in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the last quarter. VitalStone Financial LLC boosted its holdings in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its holdings in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $32,000. Finally, Indiana Trust & Investment Management CO boosted its holdings in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Reed Hastings sold 19,943 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at $36,114.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Insiders sold 152,700 shares of company stock worth $98,283,982 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $725.00 target price on shares of Netflix in a report on Monday, May 20th. Sanford C. Bernstein upped their price objective on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a report on Friday, July 19th. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley upped their price objective on Netflix from $700.00 to $780.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Argus upped their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $685.45.

Netflix Stock Up 1.3 %

Shares of NFLX stock traded up $8.87 on Friday, reaching $701.35. 3,266,723 shares of the stock were exchanged, compared to its average volume of 3,828,823. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average price is $659.34 and its 200 day moving average price is $630.28. The company has a market capitalization of $302.28 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.28 and a beta of 1.27. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $711.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the prior year, the firm posted $3.29 earnings per share. Netflix’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

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.