Embree Financial Group Reduces Stake in Netflix, Inc. (NASDAQ:NFLX)

Embree Financial Group reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 17.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 585 shares of the Internet television network’s stock after selling 127 shares during the period. Embree Financial Group’s holdings in Netflix were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. GQG Partners LLC purchased a new position in shares of Netflix in the 1st quarter worth $1,450,476,000. Jennison Associates LLC boosted its stake in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Netflix during the first quarter valued at $436,514,000. Jericho Capital Asset Management L.P. purchased a new position in Netflix during the first quarter valued at $372,293,000. Finally, Swedbank AB purchased a new position in Netflix during the first quarter valued at $216,538,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $22,127,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 225,167 shares of company stock worth $150,492,460 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Loop Capital lifted their target price on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday. Argus lifted their target price on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wedbush raised their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Needham & Company LLC raised their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Netflix Trading Up 11.1 %

Shares of NASDAQ NFLX opened at $763.89 on Friday. The business’s 50 day moving average is $696.38 and its two-hundred day moving average is $654.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a 1-year low of $392.26 and a 1-year high of $766.28. The stock has a market capitalization of $329.24 billion, a P/E ratio of 53.01, a PEG ratio of 1.49 and a beta of 1.26.

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