Ellis Investment Partners LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 42.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 100 shares of the Internet television network’s stock after selling 75 shares during the quarter. Ellis Investment Partners LLC’s holdings in Netflix were worth $48,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AlphaCore Capital LLC acquired a new stake in shares of Netflix during the first quarter worth $29,000. Archer Investment Corp acquired a new position in Netflix in the fourth quarter valued at $30,000. Lucia Wealth Services LLC boosted its holdings in Netflix by 325.0% in the first quarter. Lucia Wealth Services LLC now owns 85 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 65 shares during the last quarter. Northern Oak Wealth Management Inc. boosted its holdings in Netflix by 39.7% in the first quarter. Northern Oak Wealth Management Inc. now owns 88 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 25 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. boosted its holdings in Netflix by 296.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 99 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.

Shares of NFLX stock opened at $525.50 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.69. The business has a 50 day moving average of $450.60 and a two-hundred day moving average of $392.94. Netflix, Inc. has a 52 week low of $252.28 and a 52 week high of $575.37. The company has a market cap of $246.53 billion, a P/E ratio of 106.38, a PEG ratio of 2.84 and a beta of 0.96.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, April 21st. The Internet television network reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.64 by ($0.07). Netflix had a net margin of 10.43% and a return on equity of 30.83%. The company had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was up 27.6% on a year-over-year basis. Analysts expect that Netflix, Inc. will post 6.44 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. Imperial Capital lifted their target price on Netflix from $485.00 to $489.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Citigroup lifted their target price on Netflix from $350.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, May 21st. Nomura lifted their target price on Netflix from $330.00 to $390.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Goldman Sachs Group reiterated a “buy” rating and issued a $670.00 target price (up previously from $540.00) on shares of Netflix in a report on Friday. Finally, UBS Group lowered Netflix to a “sell” rating in a research report on Thursday, May 21st. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $456.08.

In other news, insider Gregory K. Peters sold 9,691 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $538.32, for a total transaction of $5,216,859.12. Following the completion of the transaction, the insider now directly owns 18,253 shares in the company, valued at $9,825,954.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 3,789 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $418.64, for a total value of $1,586,226.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,346 shares of company stock valued at $92,098,708. 3.40% of the stock is currently owned by insiders.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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