Royal London Asset Management Ltd. Sells 13,986 Shares of Netflix, Inc. (NASDAQ:NFLX)

Royal London Asset Management Ltd. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,347 shares of the Internet television network’s stock after selling 13,986 shares during the quarter. Royal London Asset Management Ltd. owned 0.06% of Netflix worth $180,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Denver PWM LLC bought a new position in shares of Netflix in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC raised its position in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 20 shares during the period. VitalStone Financial LLC boosted its stake in shares of Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its stake in shares of Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in shares of Netflix during the 4th quarter valued at $32,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 1.4 %

Shares of NASDAQ NFLX opened at $675.42 on Tuesday. The stock has a market capitalization of $289.87 billion, a P/E ratio of 46.87, a PEG ratio of 1.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day moving average is $659.93 and its two-hundred day moving average is $635.27. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $711.33.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. During the same period in the previous year, the firm earned $3.29 earnings per share. Netflix’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,835,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of Netflix stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,835,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,831 shares of company stock worth $102,721,884. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. China Renaissance started coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. TD Cowen boosted their price objective on Netflix from $725.00 to $775.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group raised their target price on shares of Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Macquarie reaffirmed an “outperform” rating and set a $685.00 price target on shares of Netflix in a report on Tuesday, July 16th. Finally, Jefferies Financial Group increased their price objective on shares of Netflix from $655.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $685.29.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.