Netflix, Inc. (NASDAQ:NFLX) Stake Reduced by Logan Capital Management Inc.

Logan Capital Management Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,965 shares of the Internet television network’s stock after selling 359 shares during the quarter. Netflix accounts for 1.9% of Logan Capital Management Inc.’s holdings, making the stock its 7th largest holding. Logan Capital Management Inc.’s holdings in Netflix were worth $32,311,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NFLX. Magnus Financial Group LLC grew its stake in shares of Netflix by 3.2% in the first quarter. Magnus Financial Group LLC now owns 1,120 shares of the Internet television network’s stock valued at $399,000 after buying an additional 35 shares in the last quarter. Bach Investment Advisors Ltd grew its stake in shares of Netflix by 128.9% in the first quarter. Bach Investment Advisors Ltd now owns 1,224 shares of the Internet television network’s stock valued at $436,000 after buying an additional 5,465 shares in the last quarter. Northern Trust Corp grew its stake in shares of Netflix by 1.9% in the first quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock valued at $1,764,438,000 after buying an additional 90,312 shares in the last quarter. Telos Capital Management Inc. grew its stake in shares of Netflix by 21.7% in the first quarter. Telos Capital Management Inc. now owns 1,236 shares of the Internet television network’s stock valued at $441,000 after buying an additional 220 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. grew its stake in shares of Netflix by 58.1% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,176 shares of the Internet television network’s stock valued at $776,000 after buying an additional 800 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

In other news, Director Ann Mather sold 1,208 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $375.00, for a total value of $453,000.00. Following the completion of the sale, the director now directly owns 357 shares of the company’s stock, valued at approximately $133,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 55,342 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $309.54, for a total value of $17,130,562.68. Following the completion of the sale, the chief executive officer now directly owns 55,342 shares of the company’s stock, valued at $17,130,562.68. The disclosure for this sale can be found here. Insiders sold a total of 165,862 shares of company stock valued at $56,966,404 over the last three months. Company insiders own 4.29% of the company’s stock.

NASDAQ:NFLX opened at $318.83 on Friday. The business’s 50-day simple moving average is $353.50. The firm has a market cap of $139.89 billion, a PE ratio of 118.97, a P/E/G ratio of 3.25 and a beta of 1.24. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $386.80. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.06.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, research analysts forecast that Netflix, Inc. will post 3.28 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on Netflix from $470.00 to $440.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. Oppenheimer lowered their target price on Netflix from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Stifel Nicolaus reissued a “buy” rating and set a $400.00 target price on shares of Netflix in a research note on Monday, April 8th. UBS Group reissued a “buy” rating and set a $420.00 target price on shares of Netflix in a research note on Thursday, April 18th. Finally, BidaskClub raised Netflix from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $390.47.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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