Jacobi Capital Management LLC Sells 278 Shares of Netflix, Inc. (NFLX)

Jacobi Capital Management LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,245 shares of the Internet television network’s stock after selling 278 shares during the period. Jacobi Capital Management LLC’s holdings in Netflix were worth $466,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. FMR LLC grew its position in Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after buying an additional 1,534,290 shares in the last quarter. SG Americas Securities LLC grew its position in Netflix by 109.2% in the 3rd quarter. SG Americas Securities LLC now owns 89,706 shares of the Internet television network’s stock valued at $33,562,000 after buying an additional 1,063,944 shares in the last quarter. BlackRock Inc. grew its position in Netflix by 2.3% in the 2nd quarter. BlackRock Inc. now owns 27,436,409 shares of the Internet television network’s stock valued at $10,739,434,000 after buying an additional 619,795 shares in the last quarter. PointState Capital LP grew its position in Netflix by 1,249.4% in the 2nd quarter. PointState Capital LP now owns 504,685 shares of the Internet television network’s stock valued at $197,549,000 after buying an additional 467,285 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Netflix by 32.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,537,990 shares of the Internet television network’s stock valued at $601,982,000 after buying an additional 380,214 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

In other news, CEO Reed Hastings sold 105,868 shares of the stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $328.75, for a total value of $34,804,105.00. Following the completion of the sale, the chief executive officer now directly owns 105,868 shares of the company’s stock, valued at $34,804,105. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $376.61, for a total transaction of $376,610.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $376,610. The disclosure for this sale can be found here. Insiders have sold 332,450 shares of company stock valued at $108,250,865 over the last ninety days. Insiders own 4.29% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Nomura restated a “neutral” rating and set a $370.00 price objective on shares of Netflix in a research report on Wednesday, October 17th. ValuEngine lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. BidaskClub upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Friday, November 30th. Sanford C. Bernstein restated a “buy” rating and set a $465.00 price objective on shares of Netflix in a research report on Wednesday, October 17th. Finally, Imperial Capital restated an “outperform” rating and set a $459.00 price objective (down previously from $464.00) on shares of Netflix in a research report on Wednesday, October 24th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirty have assigned a buy rating to the company’s stock. Netflix presently has an average rating of “Buy” and an average price target of $380.97.

NFLX stock opened at $282.88 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. Netflix, Inc. has a one year low of $183.22 and a one year high of $423.21. The stock has a market cap of $120.07 billion, a price-to-earnings ratio of 226.30, a PEG ratio of 3.49 and a beta of 1.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.21. Netflix had a net margin of 8.48% and a return on equity of 29.52%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 34.0% on a year-over-year basis. Sell-side analysts predict that Netflix, Inc. will post 2.63 EPS for the current year.

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About Netflix

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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