Angeles Investment Advisors LLC Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Angeles Investment Advisors LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,019 shares of the Internet television network’s stock after selling 144 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Netflix were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cigna Investments Inc. New boosted its stake in Netflix by 3.1% during the 1st quarter. Cigna Investments Inc. New now owns 15,934 shares of the Internet television network’s stock valued at $8,312,000 after acquiring an additional 475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Netflix by 4.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,278 shares of the Internet television network’s stock valued at $64,309,000 after buying an additional 4,781 shares during the period. Smith Asset Management Group LP boosted its position in shares of Netflix by 38.3% during the 1st quarter. Smith Asset Management Group LP now owns 11,696 shares of the Internet television network’s stock valued at $6,101,000 after purchasing an additional 3,236 shares in the last quarter. Morningstar Investment Services LLC boosted its position in shares of Netflix by 4.4% during the 1st quarter. Morningstar Investment Services LLC now owns 122,701 shares of the Internet television network’s stock valued at $62,993,000 after purchasing an additional 5,204 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. boosted its holdings in shares of Netflix by 281.7% in the first quarter. Peregrine Asset Advisers Inc. now owns 3,909 shares of the Internet television network’s stock worth $2,039,000 after buying an additional 2,885 shares during the period. Institutional investors own 79.75% of the company’s stock.

Shares of NFLX traded down $3.54 during mid-day trading on Thursday, reaching $510.09. 76,659 shares of the company were exchanged, compared to its average volume of 3,300,341. Netflix, Inc. has a 52 week low of $458.60 and a 52 week high of $593.29. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $226.17 billion, a PE ratio of 53.23, a PEG ratio of 1.65 and a beta of 0.74. The stock has a 50 day simple moving average of $511.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, July 19th. The Internet television network reported $2.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.16 by ($0.19). Netflix had a return on equity of 38.43% and a net margin of 15.92%. The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the business earned $1.59 earnings per share. Netflix’s revenue was up 19.4% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 10.5 EPS for the current fiscal year.

In other Netflix news, Director Jay C. Hoag sold 2,639 shares of Netflix stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $491.30, for a total value of $1,296,540.70. Following the completion of the sale, the director now directly owns 1,309 shares in the company, valued at $643,111.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.40% of the stock is owned by company insiders.

Several equities analysts recently weighed in on NFLX shares. Cowen cut their price objective on shares of Netflix from $675.00 to $650.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 21st. UBS Group boosted their target price on shares of Netflix from $600.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, July 15th. Canaccord Genuity reduced their target price on shares of Netflix from $670.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, April 21st. Jefferies Financial Group initiated coverage on Netflix in a report on Wednesday. They issued a “buy” rating and a $620.00 price target for the company. Finally, Wedbush reaffirmed an “underperform” rating and issued a $342.00 price target on shares of Netflix in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $610.23.

Netflix Profile

Netflix, Inc operates as a streaming entertainment service company. The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail. It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD. The Domestic Streaming segment derives revenues from monthly membership fees for services consisting of streaming content to its members in the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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