Netflix, Inc. (NFLX) Stake Lessened by Northwest Wealth Management LLC

Northwest Wealth Management LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,550 shares of the Internet television network’s stock after selling 340 shares during the period. Northwest Wealth Management LLC’s holdings in Netflix were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westpac Banking Corp increased its holdings in shares of Netflix by 70.2% during the 3rd quarter. Westpac Banking Corp now owns 66,246 shares of the Internet television network’s stock worth $12,014,000 after buying an additional 27,321 shares during the last quarter. Horseman Capital Management Ltd increased its holdings in shares of Netflix by 50.0% during the 3rd quarter. Horseman Capital Management Ltd now owns 9,000 shares of the Internet television network’s stock worth $1,632,000 after buying an additional 3,000 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Netflix by 10.3% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 10,790 shares of the Internet television network’s stock worth $1,957,000 after buying an additional 1,005 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA increased its holdings in shares of Netflix by 11.6% during the 3rd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 38,030 shares of the Internet television network’s stock worth $6,897,000 after buying an additional 3,958 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $5,087,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

In related news, Director Richard N. Barton sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $181.37, for a total transaction of $181,370.00. Following the completion of the sale, the director now directly owns 8,012 shares in the company, valued at $1,453,136.44. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 339,787 shares of company stock valued at $62,678,611. Corporate insiders own 4.90% of the company’s stock.

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Shares of Netflix, Inc. (NASDAQ:NFLX) traded up 1.14% during trading on Wednesday, hitting $198.67. 3,307,707 shares of the company traded hands. Netflix, Inc. has a one year low of $110.68 and a one year high of $204.38. The firm has a 50 day moving average price of $190.05 and a 200-day moving average price of $170.18. The stock has a market cap of $85.91 billion, a price-to-earnings ratio of 198.47 and a beta of 1.09.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post $1.25 EPS for the current year.

A number of analysts have recently issued reports on NFLX shares. Bank of America Corporation raised their price target on shares of Netflix from $199.00 to $225.00 in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $173.00 price target for the company in a report on Thursday, July 13th. Vetr downgraded shares of Netflix from a “strong-buy” rating to a “buy” rating and set a $167.28 price target for the company. in a report on Monday, July 10th. MKM Partners restated a “buy” rating and set a $195.00 price target on shares of Netflix in a report on Monday, July 10th. Finally, BidaskClub upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $207.20.

About Netflix

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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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