Hanseatic Management Services Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 59.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,037 shares of the Internet television network’s stock after selling 8,800 shares during the period. Netflix comprises approximately 1.2% of Hanseatic Management Services Inc.’s portfolio, making the stock its 18th biggest holding. Hanseatic Management Services Inc.’s holdings in Netflix were worth $1,095,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new position in Netflix during the second quarter valued at $101,000. TD Capital Management LLC bought a new position in Netflix during the second quarter valued at $105,000. Appropriate Balance Financial Services Inc. grew its holdings in Netflix by 5.6% during the second quarter. Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network’s stock valued at $4,701,000 after purchasing an additional 37 shares during the period. Aviance Capital Management LLC bought a new position in Netflix during the second quarter valued at $137,000. Finally, Captrust Financial Advisors bought a new position in Netflix during the second quarter valued at $139,000. 80.43% of the stock is owned by institutional investors.
Shares of Netflix, Inc. (NFLX) traded up $4.85 during trading on Thursday, reaching $196.97. 2,449,869 shares of the company traded hands, compared to its average volume of 6,706,349. The company has a market cap of $83,140.00, a P/E ratio of 197.69, a P/E/G ratio of 5.75 and a beta of 1.39. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $111.81 and a one year high of $204.38.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. analysts anticipate that Netflix, Inc. will post 1.28 earnings per share for the current fiscal year.
In other Netflix news, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $166.07, for a total value of $15,507,616.60. Following the sale, the chief executive officer now owns 93,380 shares in the company, valued at approximately $15,507,616.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the completion of the sale, the director now owns 8,012 shares in the company, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders sold a total of 343,372 shares of company stock valued at $63,446,547 in the last ninety days. 4.90% of the stock is currently owned by insiders.
Several equities analysts have weighed in on the company. B. Riley reissued a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Jefferies Group LLC reissued a “hold” rating and set a $165.00 price objective (down from $171.80) on shares of Netflix in a report on Wednesday, August 9th. Wedbush reissued a “sell” rating on shares of Netflix in a report on Wednesday, August 9th. Zacks Investment Research lowered Netflix from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have given a buy rating to the company. Netflix currently has a consensus rating of “Buy” and a consensus price target of $207.20.
Netflix Company Profile
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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