Kintegral Advisory LLC Sells 1,498 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kintegral Advisory LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,056 shares of the Internet television network’s stock after selling 1,498 shares during the quarter. Kintegral Advisory LLC’s holdings in Netflix were worth $2,850,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after purchasing an additional 110,432 shares during the period. PharVision Advisers LLC bought a new stake in Netflix in the fourth quarter valued at about $873,000. New England Research & Management Inc. increased its holdings in Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after purchasing an additional 1,268 shares during the last quarter. First National Trust Co lifted its stake in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after buying an additional 12 shares during the period. Finally, Haven Private LLC bought a new position in Netflix during the fourth quarter worth about $733,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, Director Reed Hastings sold 26,977 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director owned 394 shares in the company, valued at $446,421.70. This represents a 98.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Bradford L. Smith sold 3,919 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock valued at $223,307,201 in the last ninety days. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Netflix from $1,222.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, June 20th. Bank of America upped their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research note on Friday, May 30th. FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 target price on the stock. Pivotal Research boosted their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a “buy” rating in a report on Friday, June 20th. Finally, Rosenblatt Securities upped their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,182.58.

Netflix Stock Up 0.8%

Netflix stock opened at $1,295.24 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The company has a fifty day simple moving average of $1,204.00 and a 200 day simple moving average of $1,034.00. The company has a market cap of $551.21 billion, a P/E ratio of 61.21, a price-to-earnings-growth ratio of 2.48 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter last year, the company earned $8.28 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.