Cetera Advisor Networks LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 24.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,545 shares of the Internet television network’s stock after selling 1,843 shares during the period. Cetera Advisor Networks LLC’s holdings in Netflix were worth $1,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NFLX. Balentine LLC grew its position in shares of Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after acquiring an additional 500 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of Netflix in the 2nd quarter valued at about $101,000. Aviance Capital Management LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $137,000. Captrust Financial Advisors bought a new position in shares of Netflix in the 2nd quarter valued at about $139,000. Finally, Harfst & Associates Inc. grew its position in shares of Netflix by 36.8% in the 2nd quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after acquiring an additional 273 shares during the period. Hedge funds and other institutional investors own 83.37% of the company’s stock.

A number of research analysts have recently commented on NFLX shares. Bank of America lifted their price objective on shares of Netflix from $199.00 to $225.00 in a research report on Tuesday, October 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Netflix in a report on Wednesday, August 16th. Sanford C. Bernstein set a $203.00 target price on shares of Netflix and gave the stock a “buy” rating in a report on Monday, September 18th. KeyCorp reaffirmed a “buy” rating and set a $190.00 target price on shares of Netflix in a report on Friday, August 25th. Finally, Guggenheim reaffirmed a “buy” rating and set a $210.00 target price (up previously from $190.00) on shares of Netflix in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $209.65.

In other news, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $179.89, for a total value of $359,780.00. Following the completion of the transaction, the director now directly owns 7,930 shares in the company, valued at approximately $1,426,527.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 75,467 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $185.02, for a total transaction of $13,962,904.34. Following the completion of the transaction, the chief executive officer now owns 75,467 shares of the company’s stock, valued at $13,962,904.34. The disclosure for this sale can be found here. Insiders sold a total of 325,285 shares of company stock valued at $62,818,751 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Netflix, Inc. (NFLX) opened at $187.86 on Thursday. The company has a market cap of $80,371.15, a P/E ratio of 187.61, a PEG ratio of 5.52 and a beta of 1.33. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 12-month low of $122.50 and a 12-month high of $204.38.

Netflix (NASDAQ:NFLX) last issued 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 firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. Netflix’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. sell-side analysts predict that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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