Netflix, Inc. (NFLX) Shares Sold by Sheaff Brock Investment Advisors LLC

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Sheaff Brock Investment Advisors LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,148 shares of the Internet television network’s stock after selling 1,751 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Netflix were worth $4,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. State of Tennessee Treasury Department boosted its stake in Netflix by 6.0% in the 4th quarter. State of Tennessee Treasury Department now owns 293,123 shares of the Internet television network’s stock worth $78,457,000 after buying an additional 16,622 shares during the last quarter. Usca Ria LLC lifted its stake in shares of Netflix by 6.8% in the 4th quarter. Usca Ria LLC now owns 2,052 shares of the Internet television network’s stock valued at $549,000 after purchasing an additional 130 shares in the last quarter. Bach Investment Advisors Ltd lifted its stake in shares of Netflix by 128.9% in the 1st quarter. Bach Investment Advisors Ltd now owns 1,224 shares of the Internet television network’s stock valued at $436,000 after purchasing an additional 5,465 shares in the last quarter. Telos Capital Management Inc. lifted its stake in shares of Netflix by 21.7% in the 1st quarter. Telos Capital Management Inc. now owns 1,236 shares of the Internet television network’s stock valued at $441,000 after purchasing an additional 220 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its stake in shares of Netflix by 58.1% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 2,176 shares of the Internet television network’s stock valued at $776,000 after purchasing an additional 800 shares in the last quarter. 76.21% of the stock is currently owned by institutional investors and hedge funds.

In other Netflix news, CEO Reed Hastings sold 56,966 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $370.74, for a total transaction of $21,119,574.84. Following the completion of the transaction, the chief executive officer now owns 56,966 shares in the company, valued at approximately $21,119,574.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 7,607 shares of the business’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $360.00, for a total value of $2,738,520.00. Following the transaction, the director now owns 444 shares of the company’s stock, valued at approximately $159,840. The disclosure for this sale can be found here. Insiders have sold a total of 173,440 shares of company stock valued at $63,555,861 in the last quarter. 4.29% of the stock is currently owned by insiders.

Shares of NFLX stock opened at $379.06 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $423.21. The firm has a market cap of $162.01 billion, a price-to-earnings ratio of 141.44, a price-to-earnings-growth ratio of 3.69 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.19. Netflix had a return on equity of 24.75% and a net margin of 7.61%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 3.35 EPS for the current year.

Several research firms have recently weighed in on NFLX. SunTrust Banks reaffirmed a “buy” rating and issued a $402.00 price objective on shares of Netflix in a research note on Wednesday, March 27th. UBS Group began coverage on Netflix in a research note on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective on the stock. Buckingham Research reduced their price objective on Netflix from $382.00 to $358.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Rosenblatt Securities reaffirmed a “hold” rating on shares of Netflix in a research note on Wednesday, April 17th. Finally, Wedbush lifted their price objective on Netflix from $165.00 to $183.00 and gave the company an “underperform” rating in a research note on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $385.03.

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About Netflix

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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