STF Management LP Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

STF Management LP decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,125 shares of the Internet television network's stock after selling 801 shares during the quarter. Netflix accounts for approximately 1.9% of STF Management LP's investment portfolio, making the stock its 11th largest holding. STF Management LP's holdings in Netflix were worth $4,344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Trust N.A. lifted its holdings in shares of Netflix by 2.6% during the third quarter. Raymond James Trust N.A. now owns 9,131 shares of the Internet television network's stock worth $6,476,000 after purchasing an additional 228 shares during the period. Eagle Asset Management Inc. lifted its holdings in Netflix by 7.9% in the third quarter. Eagle Asset Management Inc. now owns 20,496 shares of the Internet television network's stock valued at $14,537,000 after acquiring an additional 1,493 shares during the period. Activest Wealth Management lifted its holdings in Netflix by 5.0% in the third quarter. Activest Wealth Management now owns 420 shares of the Internet television network's stock valued at $298,000 after acquiring an additional 20 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after acquiring an additional 29,726 shares during the period. Finally, Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in Netflix in the third quarter valued at approximately $837,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Up 0.0 %

Shares of NASDAQ:NFLX traded up $0.31 during midday trading on Friday, reaching $897.79. 3,171,922 shares of the company's stock were exchanged, compared to its average volume of 3,664,483. The firm's 50 day simple moving average is $751.39 and its two-hundred day simple moving average is $688.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $383.77 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 1.68 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $908.00.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Macquarie reissued an "outperform" rating and issued a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Wells Fargo & Company increased their target price on Netflix from $758.00 to $797.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Needham & Company LLC increased their target price on Netflix from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Jefferies Financial Group increased their target price on Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Finally, Wedbush reiterated an "outperform" rating and set a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday. Two equities research 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 company's stock. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $764.82.

Insider Buying and Selling

In related news, Director Timothy M. Haley sold 11,090 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company's stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,866 shares of company stock valued at $133,393,921. 1.76% of the stock is currently owned by insiders.

About Netflix

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.