Frontier Investment Mgmt Co. lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,211 shares of the Internet television network’s stock after selling 200 shares during the quarter. Frontier Investment Mgmt Co.’s holdings in Netflix were worth $1,257,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Guidant Wealth Advisors lifted its position in shares of Netflix by 190.5% in the second quarter. Guidant Wealth Advisors now owns 305 shares of the Internet television network’s stock valued at $121,000 after acquiring an additional 200 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Netflix in the second quarter valued at approximately $124,000. BerganKDV Wealth Management LLC purchased a new position in shares of Netflix in the second quarter valued at approximately $137,000. Braun Bostich & Associates Inc. purchased a new position in shares of Netflix in the first quarter valued at approximately $142,000. Finally, TCI Wealth Advisors Inc. lifted its position in shares of Netflix by 710.8% in the first quarter. TCI Wealth Advisors Inc. now owns 527 shares of the Internet television network’s stock valued at $156,000 after acquiring an additional 462 shares in the last quarter. Institutional investors own 76.75% of the company’s stock.

NFLX stock opened at $358.82 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.86. The firm has a market cap of $149.99 billion, a price-to-earnings ratio of 157.28, a price-to-earnings-growth ratio of 4.27 and a beta of 0.76. Netflix, Inc. has a 52-week low of $164.73 and a 52-week high of $423.21.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. equities research analysts anticipate that Netflix, Inc. will post 2.69 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the company. Cowen decreased their target price on Netflix from $430.00 to $400.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 17th. Morgan Stanley set a $480.00 target price on Netflix and gave the company a “buy” rating in a research report on Thursday, July 12th. ValuEngine downgraded Netflix from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 18th. Loop Capital decreased their target price on Netflix to $365.00 and set a “hold” rating on the stock in a research report on Tuesday, July 17th. Finally, Zacks Investment Research upgraded Netflix from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $346.99.

In other Netflix news, CEO Reed Hastings sold 77,672 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $323.01, for a total transaction of $25,088,832.72. Following the completion of the sale, the chief executive officer now owns 77,672 shares of the company’s stock, valued at $25,088,832.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David B. Wells sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $351.61, for a total value of $351,610.00. Following the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at approximately $351,610. The disclosure for this sale can be found here. In the last three months, insiders have sold 416,801 shares of company stock valued at $152,521,649. 4.29% of the stock is owned by insiders.

Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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