CMG Global Holdings LLC Has $279,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

CMG Global Holdings LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 393 shares of the Internet television network’s stock after selling 75 shares during the quarter. CMG Global Holdings LLC’s holdings in Netflix were worth $279,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in Netflix by 10.2% in the first quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock worth $3,093,000 after purchasing an additional 471 shares during the period. Epoch Investment Partners Inc. acquired a new stake in shares of Netflix in the 1st quarter valued at about $260,000. Lazard Asset Management LLC grew its stake in shares of Netflix by 35.0% in the 1st quarter. Lazard Asset Management LLC now owns 128,449 shares of the Internet television network’s stock valued at $78,010,000 after buying an additional 33,269 shares during the period. Kestra Advisory Services LLC increased its position in Netflix by 9.3% in the 1st quarter. Kestra Advisory Services LLC now owns 43,017 shares of the Internet television network’s stock valued at $26,126,000 after buying an additional 3,660 shares in the last quarter. Finally, BOKF NA boosted its holdings in Netflix by 28.0% in the first quarter. BOKF NA now owns 16,940 shares of the Internet television network’s stock worth $10,406,000 after acquiring an additional 3,709 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 0.0 %

Shares of NASDAQ NFLX opened at $897.79 on Friday. The business has a 50-day moving average of $755.40 and a 200-day moving average of $690.34. The firm has a market capitalization of $383.77 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 1.73 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $445.73 and a 12 month high of $908.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Piper Sandler reissued an “overweight” rating and issued a $840.00 price target (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Macquarie reiterated an “outperform” rating and set a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Jefferies Financial Group raised their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein upped their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $764.82.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock valued at $133,393,921 over the last 90 days. Insiders own 1.76% of the company’s stock.

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.