Netflix, Inc. (NASDAQ:NFLX) Shares Sold by NCP Inc.

NCP Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the third quarter, HoldingsChannel.com reports. The firm owned 10,466 shares of the Internet television network’s stock after selling 25 shares during the quarter. Netflix makes up about 4.2% of NCP Inc.’s holdings, making the stock its 5th biggest holding. NCP Inc.’s holdings in Netflix were worth $7,423,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NFLX. Denver PWM LLC bought a new position in Netflix in the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. increased its stake in Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter valued at $37,000. 80.93% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total transaction of $3,184,200.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 185,866 shares of company stock worth $133,393,921 over the last three months. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley boosted their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $825.00 target price (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Finally, The Goldman Sachs Group set a $750.00 price target on Netflix in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $764.82.

Netflix Stock Performance

Shares of NFLX opened at $872.60 on Wednesday. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00. The company has a market cap of $373.00 billion, a PE ratio of 49.38, a P/E/G ratio of 1.67 and a beta of 1.25. The stock has a 50-day moving average of $762.10 and a 200-day moving average of $695.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, equities research analysts predict that Netflix, Inc. will post 19.78 EPS 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.