Knights of Columbus Asset Advisors LLC Sells 15,044 Shares of Netflix, Inc. $NFLX

Knights of Columbus Asset Advisors LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 128,919 shares of the Internet television network’s stock after selling 15,044 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Netflix were worth $8,970,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Financial Avengers Inc. raised its stake in shares of Netflix by 9.8% in the first quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock worth $124,000 after purchasing an additional 115 shares during the last quarter. Conservest Capital Advisors Inc. lifted its holdings in shares of Netflix by 5.7% in the first quarter. Conservest Capital Advisors Inc. now owns 2,445 shares of the Internet television network’s stock valued at $235,000 after purchasing an additional 131 shares in the last quarter. Wisconsin Wealth Advisors LLC lifted its holdings in shares of Netflix by 2.6% in the second quarter. Wisconsin Wealth Advisors LLC now owns 5,324 shares of the Internet television network’s stock valued at $380,000 after purchasing an additional 136 shares in the last quarter. Wealthgarden F.S. LLC lifted its holdings in shares of Netflix by 1.7% in the first quarter. Wealthgarden F.S. LLC now owns 8,570 shares of the Internet television network’s stock valued at $824,000 after purchasing an additional 145 shares in the last quarter. Finally, Alternative Investment Advisors LLC. boosted its position in shares of Netflix by 4.8% during the second quarter. Alternative Investment Advisors LLC. now owns 3,230 shares of the Internet television network’s stock valued at $231,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NFLX. BMO Capital Markets reiterated an “outperform” rating and set a $125.00 price target (down from $135.00) on shares of Netflix in a report on Friday, October 16th. Wolfe Research lowered Netflix from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 22nd. China Intl Cap upgraded Netflix to a “strong-buy” rating in a research note on Tuesday, July 21st. Piper Sandler reaffirmed an “overweight” rating and set a $78.00 price objective (down from $85.00) on shares of Netflix in a report on Wednesday, October 21st. Finally, Jefferies Financial Group set a $85.00 target price on shares of Netflix and gave the stock a “buy” rating in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $89.14.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $63.26 on Wednesday. The company has a market capitalization of $259.77 billion, a PE ratio of 18.28, a PEG ratio of 0.94 and a beta of 1.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $70.32 and its 200-day moving average price is $80.76. Netflix, Inc. has a twelve month low of $61.39 and a twelve month high of $116.73.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 20th. The Internet television network reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The company had revenue of $12.87 billion during the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. Netflix’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CEO Theodore Sarandos sold 27,312 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $66.20, for a total value of $1,808,054.40. Following the completion of the transaction, the chief executive officer owned 178,954 shares in the company, valued at $11,846,754.80. This represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David Hyman sold 5,727 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $64.55, for a total value of $369,677.85. Following the sale, the insider directly owned 166,100 shares of the company’s stock, valued at approximately $10,721,755. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 89,024 shares of company stock worth $5,788,733. Company insiders own 1.24% of the company’s stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s EMEA revenue grew 11% year over year in the third quarter. Management says sustaining that growth in Europe will depend partly on preserving creative freedom amid regulation. Article: Netflix boss says creativity and regulation are not happy bedfellows in Europe
• Neutral Sentiment: Netflix launched an international campaign using 35mm film, supported by a social series about creatives’ viewing tastes. The campaign may support brand engagement, but its financial impact is unclear. Article: Netflix embraces 35mm film in international campaign
• Neutral Sentiment: A report described November short interest as totaling zero shares, with a 0.0-day days-to-cover ratio. That figure does not indicate meaningful short positioning, despite the report’s claim of a large increase.
• Negative Sentiment: Investor confidence remains a concern: coverage cites slowing Netflix growth and evidence that viewers are watching less. A content leadership shake-up is among management’s steps to address the challenge, but the concerns weigh on the growth outlook. Article: Why Netflix Stock Plunged 11% in October
• Negative Sentiment: Netflix also declined amid weakness across entertainment stocks. Coverage linked the sector’s reaction to concerns about the film outlook and debt at the newly combined Warner Bros.–Paramount, though it characterized Netflix and Disney as relatively less affected. Article: Skydance Sinks as Warner Bros. Film Slump Overshadows Earnings Beat

Netflix Profile

Netflix, Inc. is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand. Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.