Mission Wealth Management LLC Reduces Position in Netflix, Inc. (NFLX)

Mission Wealth Management LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,769 shares of the Internet television network’s stock after selling 22 shares during the period. Mission Wealth Management LLC’s holdings in Netflix were worth $1,887,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Netflix by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 507,261 shares of the Internet television network’s stock worth $62,804,000 after buying an additional 19,154 shares in the last quarter. Marshall Wace LLP purchased a new position in Netflix during the fourth quarter worth approximately $6,318,000. Brown Advisory Inc. increased its position in Netflix by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 7,252 shares of the Internet television network’s stock worth $898,000 after buying an additional 316 shares in the last quarter. Cim Investment Mangement Inc. increased its position in Netflix by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 7,481 shares of the Internet television network’s stock worth $926,000 after buying an additional 85 shares in the last quarter. Finally, ARK Investment Management LLC purchased a new position in Netflix during the fourth quarter worth approximately $9,602,000. Institutional investors own 82.77% of the company’s stock.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Shares of Netflix, Inc. (NASDAQ NFLX) traded up 0.5112% during trading on Friday, reaching $155.6818. The company’s stock had a trading volume of 972,895 shares. The company’s 50 day moving average price is $158.38 and its 200 day moving average price is $143.59. Netflix, Inc. has a 12 month low of $84.50 and a 12 month high of $166.87. The firm has a market cap of $67.10 billion, a PE ratio of 201.3995 and a beta of 0.96.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, April 17th. The Internet television network reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Netflix had a return on equity of 12.73% and a net margin of 3.55%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 34.7% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post $1.05 earnings per share for the current year.

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NFLX has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $175.00 price objective on shares of Netflix in a report on Tuesday, February 28th. Zacks Investment Research downgraded Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, March 7th. Vetr downgraded Netflix from a “hold” rating to a “sell” rating and set a $137.92 price objective on the stock. in a report on Monday, March 13th. Wedbush restated a “sell” rating and issued a $68.00 price objective on shares of Netflix in a report on Tuesday, March 14th. Finally, Jefferies Group LLC restated a “sell” rating and issued a $95.00 price objective on shares of Netflix in a report on Tuesday, March 14th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $148.79.

In related news, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $143.90, for a total transaction of $287,800.00. Following the sale, the director now owns 8,012 shares in the company, valued at approximately $1,152,926.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Neil D. Hunt sold 10,000 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $146.87, for a total value of $1,468,700.00. Following the sale, the insider now owns 460,013 shares in the company, valued at approximately $67,562,109.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 430,458 shares of company stock worth $65,498,153. 4.90% of the stock is owned by corporate insiders.

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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