Stephens Inc. AR Sells 717 Shares of Netflix, Inc. $NFLX

Stephens Inc. AR decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,659 shares of the Internet television network’s stock after selling 717 shares during the period. Stephens Inc. AR’s holdings in Netflix were worth $26,326,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Beverly Hills Private Wealth LLC increased its position in shares of Netflix by 16.4% during the second quarter. Beverly Hills Private Wealth LLC now owns 616 shares of the Internet television network’s stock worth $825,000 after acquiring an additional 87 shares in the last quarter. Mountain Capital Investment Advisors Inc. bought a new position in Netflix in the second quarter valued at $247,000. Madison Wealth Partners Inc bought a new position in Netflix in the second quarter valued at $1,189,000. Balboa Wealth Partners grew its position in Netflix by 111.6% in the second quarter. Balboa Wealth Partners now owns 2,801 shares of the Internet television network’s stock valued at $3,751,000 after purchasing an additional 1,477 shares in the last quarter. Finally, Northeast Investment Management grew its position in Netflix by 25.9% in the second quarter. Northeast Investment Management now owns 16,780 shares of the Internet television network’s stock valued at $22,471,000 after purchasing an additional 3,449 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,199.36 on Monday. The stock has a market cap of $509.64 billion, a P/E ratio of 51.10, a P/E/G ratio of 2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a fifty day moving average price of $1,213.47 and a two-hundred day moving average price of $1,179.41. Netflix, Inc. has a one year low of $736.23 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.88 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Cowen reiterated a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last quarter. 1.37% 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.