EULAV Asset Management Sells 900 Shares of Netflix, Inc. (NASDAQ:NFLX)

EULAV Asset Management decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,606 shares of the Internet television network's stock after selling 900 shares during the period. EULAV Asset Management's holdings in Netflix were worth $18,162,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. New World Advisors LLC raised its position in shares of Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network's stock valued at $514,000 after acquiring an additional 14 shares in the last quarter. Heartland Bank & Trust Co lifted its position in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network's stock worth $1,195,000 after buying an additional 15 shares during the last quarter. Cedrus LLC boosted its holdings in shares of Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network's stock valued at $1,263,000 after buying an additional 15 shares during the period. Capstone Triton Financial Group LLC grew its position in shares of Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network's stock valued at $1,717,000 after buying an additional 15 shares during the last quarter. Finally, Meritas Wealth Management LLC raised its stake in Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network's stock worth $406,000 after acquiring an additional 16 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 1.4 %

Shares of NASDAQ:NFLX traded up $12.53 during midday trading on Wednesday, hitting $883.85. 4,088,428 shares of the stock were exchanged, compared to its average volume of 3,663,830. The business's fifty day simple moving average is $743.15 and its two-hundred day simple moving average is $685.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $890.60. The company has a market capitalization of $377.81 billion, a PE ratio of 49.36, a P/E/G ratio of 1.59 and a beta of 1.25.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays reaffirmed an "underweight" rating and set a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Sanford C. Bernstein boosted their price target on shares of Netflix from $625.00 to $780.00 and gave the company a "market perform" rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a research report on Friday, October 18th. Finally, Evercore ISI raised their price target on shares of Netflix from $750.00 to $775.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Two investment 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 company's stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $758.76.

Insider Activity

In related news, Chairman Reed Hastings sold 45,290 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares of the company's stock, valued at approximately $60,023.60. This trade represents a 99.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was 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. In the last 90 days, insiders have sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is owned by corporate insiders.

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.