ORG Partners LLC Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

ORG Partners LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 47.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 819 shares of the Internet television network’s stock after selling 729 shares during the period. ORG Partners LLC’s holdings in Netflix were worth $581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $32,000. SageView Advisory Group LLC raised its position in Netflix by 245.0% in the 4th quarter. SageView Advisory Group LLC now owns 3,136 shares of the Internet television network’s stock worth $1,527,000 after purchasing an additional 2,227 shares during the period. Trust Co. of Vermont lifted its stake in Netflix by 24.1% in the fourth quarter. Trust Co. of Vermont now owns 463 shares of the Internet television network’s stock worth $225,000 after purchasing an additional 90 shares during the last quarter. Leo Wealth LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $523,000. Finally, Trust Co. of Toledo NA OH grew its stake in shares of Netflix by 1.5% during the first quarter. Trust Co. of Toledo NA OH now owns 2,463 shares of the Internet television network’s stock valued at $1,496,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Trading Down 1.4 %

NASDAQ NFLX opened at $713.00 on Tuesday. The stock has a market cap of $307.30 billion, a P/E ratio of 49.48, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $736.00. The company has a fifty day simple moving average of $688.89 and a two-hundred day simple moving average of $652.34.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the business posted $3.29 earnings per share. On average, analysts forecast that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on NFLX. Pivotal Research boosted their price objective on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. Loop Capital upped their price target on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Evercore ISI lifted their price objective on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Citigroup boosted their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group raised their target price on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $702.79.

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.