Netflix, Inc. $NFLX Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. lowered its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 37.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 28,220 shares of the Internet television network’s stock after selling 16,539 shares during the period. Hilltop Holdings Inc.’s holdings in Netflix were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Imprint Wealth LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in Netflix during the 3rd quarter worth about $103,000. Strategic Wealth Investment Group LLC acquired a new stake in Netflix during the 2nd quarter worth about $121,000. Wiser Advisor Group LLC purchased a new stake in Netflix during the 3rd quarter valued at about $114,000. Finally, Beaird Harris Wealth Management LLC grew its stake in Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after purchasing an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the transaction, the director directly owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. This trade represents a 99.04% 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. Insiders sold a total of 899,839 shares of company stock valued at $80,141,661 in the last three months. 1.24% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $70.09 on Friday. The stock has a market cap of $291.85 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52. The business has a 50-day simple moving average of $78.34 and a 200-day simple moving average of $86.05. The company has a quick ratio of 1.41, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.71.

Netflix (NASDAQ:NFLXGet Free Report) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NFLX. BMO Capital Markets lowered Netflix from an “outperform” rating to a “market perform” rating in a report on Monday. Jefferies Financial Group decreased their target price on Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, June 10th. Wells Fargo & Company set a $80.00 target price on Netflix and gave the company an “equal weight” rating in a research report on Friday, July 17th. KeyCorp reiterated an “overweight” rating and issued a $92.00 price target (down from $115.00) on shares of Netflix in a report on Monday, July 13th. Finally, Citigroup lowered shares of Netflix from a “buy” rating to a “positive” rating in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.48.

Check Out Our Latest Report on NFLX

About Netflix

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

See Also

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXFree Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.