Financial Engines Advisors L.L.C. Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Financial Engines Advisors L.L.C. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,337 shares of the Internet television network’s stock after selling 333 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Netflix were worth $4,977,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after acquiring an additional 144 shares in the last quarter. BIP Wealth LLC increased its holdings in shares of Netflix by 23.8% in the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network’s stock valued at $403,000 after acquiring an additional 87 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $3,747,000. Finally, Seeds Investor LLC lifted its stake in Netflix by 6.4% during the fourth quarter. Seeds Investor LLC now owns 801 shares of the Internet television network’s stock worth $714,000 after purchasing an additional 48 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 685 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,286,026.11. This trade represents a 15.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on NFLX shares. Moffett Nathanson reiterated a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Cfra Research upgraded shares of Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Finally, UBS Group reiterated a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,297.66.

Netflix Stock Up 2.6%

NFLX opened at $1,211.64 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 12 month low of $622.99 and a 12 month high of $1,341.15. The stock has a market capitalization of $514.86 billion, a P/E ratio of 51.63, a P/E/G ratio of 2.04 and a beta of 1.59. The business has a 50 day simple moving average of $1,232.25 and a 200-day simple moving average of $1,095.21.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 42.50% and a net margin of 24.58%. Netflix’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.88 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.