First Allied Advisory Services Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,992 shares of the Internet television network’s stock after selling 2,057 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Netflix were worth $3,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quadrant Capital Group LLC raised its stake in shares of Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after purchasing an additional 10 shares during the last quarter. Kalos Management Inc. grew its holdings in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares during the period. Laurel Wealth Advisors Inc. grew its holdings in Netflix by 1.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after acquiring an additional 53 shares during the period. Sii Investments Inc. WI grew its holdings in Netflix by 2.1% during the second quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after acquiring an additional 64 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Netflix by 2.1% during the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after acquiring an additional 65 shares during the period. Institutional investors own 83.38% of the company’s stock.

In related news, Director Richard N. Barton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $184.30, for a total transaction of $368,600.00. Following the sale, the director now directly owns 8,012 shares in the company, valued at approximately $1,476,611.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 75,467 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $185.02, for a total value of $13,962,904.34. Following the sale, the chief executive officer now owns 75,467 shares in the company, valued at $13,962,904.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 324,285 shares of company stock worth $62,630,811. Company insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $188.54 on Friday. The company has a market capitalization of $80,141.80, a PE ratio of 187.07, a P/E/G ratio of 5.50 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a twelve month low of $121.73 and a twelve month high of $204.38.

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). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 earnings per share. research analysts predict that Netflix, Inc. will post 1.26 earnings per share for the current year.

A number of brokerages recently weighed in on NFLX. Vetr raised Netflix from a “sell” rating to a “hold” rating and set a $165.09 price objective on the stock in a report on Wednesday, August 16th. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a report on Wednesday, November 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 price objective on shares of Netflix in a report on Wednesday, August 16th. Wedbush reaffirmed a “hold” rating and set a $190.00 price objective (up previously from $180.00) on shares of Netflix in a report on Wednesday, October 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Netflix in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $209.65.

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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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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