Ariston Services Group Reduces Stock Position in Netflix, Inc. $NFLX

Ariston Services Group lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 789 shares of the Internet television network’s stock after selling 30 shares during the quarter. Netflix makes up about 0.8% of Ariston Services Group’s investment portfolio, making the stock its 16th biggest position. Ariston Services Group’s holdings in Netflix were worth $1,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Resurgent Financial Advisors LLC raised its holdings in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after acquiring an additional 708 shares in the last quarter. MRA Advisory Group boosted its holdings in Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after acquiring an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares during the period. Sava Infond d.o.o. raised its holdings in Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after purchasing an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in Netflix by 1.4% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.3%

NFLX stock opened at $1,199.36 on Friday. The business has a 50 day moving average of $1,213.47 and a 200 day moving average of $1,175.91. The firm has a market cap of $509.64 billion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59. Netflix, Inc. has a twelve month low of $736.23 and a twelve month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.88 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last 90 days. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NFLX shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Citigroup restated a “neutral” rating and issued a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. UBS Group reiterated a “buy” rating and set a $1,495.00 target price on shares of Netflix in a report on Thursday. Barclays reissued a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,339.81.

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.