Netflix, Inc. $NFLX Holdings Decreased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,919 shares of the Internet television network’s stock after selling 15,044 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Netflix were worth $8,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Netflix during the 2nd quarter worth about $26,000. Pathway Financial Advisers LLC acquired a new position in shares of Netflix in the 3rd quarter valued at about $26,000. Sawyer & Company Inc bought a new stake in shares of Netflix during the 3rd quarter valued at about $27,000. Compound Global Advisors LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $29,000. Finally, Burnham & Co LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Needham & Company LLC cut Netflix from a “buy” rating to a “hold” rating in a research note on Wednesday, October 21st. BMO Capital Markets reissued an “outperform” rating and issued a $125.00 price target (down from $135.00) on shares of Netflix in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $93.00 price target on Netflix in a report on Wednesday, October 21st. The Goldman Sachs Group set a $84.00 price objective on shares of Netflix in a research report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Netflix from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.14.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s EMEA revenue grew 11% year over year in the third quarter. Management says sustaining that growth in Europe will depend partly on preserving creative freedom amid regulation. Article: Netflix boss says creativity and regulation are not happy bedfellows in Europe
• Neutral Sentiment: Netflix launched an international campaign using 35mm film, supported by a social series about creatives’ viewing tastes. The campaign may support brand engagement, but its financial impact is unclear. Article: Netflix embraces 35mm film in international campaign
• Neutral Sentiment: A report described November short interest as totaling zero shares, with a 0.0-day days-to-cover ratio. That figure does not indicate meaningful short positioning, despite the report’s claim of a large increase.
• Negative Sentiment: Investor confidence remains a concern: coverage cites slowing Netflix growth and evidence that viewers are watching less. A content leadership shake-up is among management’s steps to address the challenge, but the concerns weigh on the growth outlook. Article: Why Netflix Stock Plunged 11% in October
• Negative Sentiment: Netflix also declined amid weakness across entertainment stocks. Coverage linked the sector’s reaction to concerns about the film outlook and debt at the newly combined Warner Bros.–Paramount, though it characterized Netflix and Disney as relatively less affected. Article: Skydance Sinks as Warner Bros. Film Slump Overshadows Earnings Beat

Netflix Price Performance

NFLX stock opened at $63.26 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50-day moving average is $70.32 and its 200-day moving average is $80.76. The stock has a market capitalization of $259.77 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62. Netflix, Inc. has a 1 year low of $61.39 and a 1 year high of $116.73.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The business had revenue of $12.87 billion during the quarter, compared to analyst estimates of $12.87 billion. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Spencer Neumann sold 9,253 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $66.15, for a total transaction of $612,085.95. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at $4,881,010.05. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford L. Smith sold 17,980 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $64.03, for a total value of $1,151,259.40. Following the transaction, the director directly owned 79,690 shares in the company, valued at $5,102,550.70. The trade was a 18.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 89,024 shares of company stock valued at $5,788,733. 1.24% of the stock is currently owned by corporate insiders.

Netflix Company Profile

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.