Doheny Asset Management CA decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.2% during the second quarter, HoldingsChannel reports. The firm owned 6,140 shares of the Internet television network’s stock after selling 200 shares during the quarter. Netflix makes up about 1.9% of Doheny Asset Management CA’s investment portfolio, making the stock its 17th largest position. Doheny Asset Management CA’s holdings in Netflix were worth $2,255,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Dixon Hubard Feinour & Brown Inc. VA increased its stake in Netflix by 0.4% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 7,290 shares of the Internet television network’s stock valued at $2,599,000 after purchasing an additional 30 shares in the last quarter. Abbrea Capital LLC increased its stake in Netflix by 2.4% during the 2nd quarter. Abbrea Capital LLC now owns 1,382 shares of the Internet television network’s stock valued at $508,000 after purchasing an additional 32 shares in the last quarter. Lindbrook Capital LLC increased its stake in Netflix by 2.8% during the 2nd quarter. Lindbrook Capital LLC now owns 1,259 shares of the Internet television network’s stock valued at $462,000 after purchasing an additional 34 shares in the last quarter. Magnus Financial Group LLC increased its stake in Netflix by 3.2% during the 1st quarter. Magnus Financial Group LLC now owns 1,120 shares of the Internet television network’s stock valued at $399,000 after purchasing an additional 35 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in Netflix by 1.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,968 shares of the Internet television network’s stock valued at $723,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 78.95% of the company’s stock.

A number of research analysts have issued reports on the stock. Goldman Sachs Group cut their price target on shares of Netflix from $460.00 to $420.00 in a research note on Thursday, July 18th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $395.00 to $425.00 in a research note on Monday, June 3rd. Royal Bank of Canada set a $450.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Monday, August 26th. Credit Suisse Group set a $440.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Wedbush upped their price objective on shares of Netflix from $183.00 to $188.00 and gave the company an “underperform” rating in a report on Thursday, July 18th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $391.38.

NASDAQ:NFLX opened at $294.15 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. The company has a fifty day moving average of $304.14 and a two-hundred day moving average of $345.93. The stock has a market capitalization of $126.47 billion, a PE ratio of 113.28, a P/E/G ratio of 2.96 and a beta of 1.24. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $386.80.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Netflix had a net margin of 6.53% and a return on equity of 20.88%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Research analysts forecast that Netflix, Inc. will post 3.25 earnings per share for the current year.

In other news, Director Ann Mather sold 1,208 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the sale, the director now directly owns 357 shares in the company, valued at $133,875. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradford L. Smith bought 6,499 shares of Netflix stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $308.49 per share, with a total value of $2,004,876.51. Following the completion of the transaction, the director now directly owns 799 shares of the company’s stock, valued at $246,483.51. The disclosure for this purchase can be found here. Insiders have sold 160,717 shares of company stock valued at $52,621,735 over the last 90 days. 4.29% of the stock is currently owned by company insiders.

Netflix Company Profile

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.

Featured Article: Retained Earnings

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.