USA Financial Portformulas Corp decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 56.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,955 shares of the Internet television network’s stock after selling 23,737 shares during the period. USA Financial Portformulas Corp’s holdings in Netflix were worth $3,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. FMR LLC increased its holdings in Netflix by 12.4% in the second quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after buying an additional 2,605,731 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Netflix by 3,478.1% in the second quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after buying an additional 1,984,404 shares in the last quarter. Jennison Associates LLC increased its holdings in Netflix by 14.0% in the second quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock valued at $2,208,891,000 after buying an additional 1,814,056 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Netflix by 22,622.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock valued at $121,708,000 after buying an additional 811,007 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Netflix by 2.9% in the second quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after buying an additional 789,190 shares in the last quarter. 80.68% of the stock is owned by institutional investors.

A number of analysts have recently commented on the stock. Raymond James Financial, Inc. reissued an “outperform” rating and set a $205.00 target price (up previously from $165.00) on shares of Netflix in a research note on Tuesday, July 18th. Stifel Nicolaus boosted their price target on shares of Netflix from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. J P Morgan Chase & Co restated an “overweight” rating and set a $225.00 price target (up from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target on the stock in a research report on Thursday, October 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $190.00 price target on shares of Netflix in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $207.20.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/netflix-inc-nflx-holdings-trimmed-by-usa-financial-portformulas-corp/1685544.html.

In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total transaction of $138,166.00. Following the completion of the transaction, the director now owns 7,362 shares of the company’s stock, valued at $1,453,111.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 93,380 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $166.07, for a total transaction of $15,507,616.60. Following the transaction, the chief executive officer now directly owns 93,380 shares of the company’s stock, valued at approximately $15,507,616.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 339,487 shares of company stock valued at $62,635,407. 4.90% of the stock is owned by insiders.

Netflix, Inc. (NASDAQ NFLX) traded up $0.12 during mid-day trading on Tuesday, reaching $200.13. 5,834,857 shares of the company’s stock traded hands, compared to its average volume of 8,210,000. 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 12-month low of $110.68 and a 12-month high of $204.38. The company has a market capitalization of $84,690.00, a price-to-earnings ratio of 202.03, a price-to-earnings-growth ratio of 5.91 and a beta of 1.39.

Netflix (NASDAQ:NFLX) last released its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. equities research analysts predict that Netflix, Inc. will post 1.27 earnings per share for the current fiscal year.

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.

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.