Bryn Mawr Capital Management LLC Sells 896 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bryn Mawr Capital Management LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,934 shares of the Internet television network’s stock after selling 896 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Netflix were worth $2,402,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. DAVENPORT & Co LLC raised its holdings in shares of Netflix by 21.2% in the third quarter. DAVENPORT & Co LLC now owns 7,129 shares of the Internet television network’s stock valued at $2,692,000 after buying an additional 1,247 shares during the last quarter. Strategic Blueprint LLC lifted its position in shares of Netflix by 5.6% during the third quarter. Strategic Blueprint LLC now owns 2,981 shares of the Internet television network’s stock worth $1,126,000 after purchasing an additional 157 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Netflix by 4.6% during the third quarter. Koshinski Asset Management Inc. now owns 2,139 shares of the Internet television network’s stock valued at $808,000 after purchasing an additional 95 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of Netflix by 19.7% during the third quarter. Advisory Alpha LLC now owns 1,314 shares of the Internet television network’s stock valued at $496,000 after purchasing an additional 216 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Netflix by 1.5% in the third quarter. Asset Management One Co. Ltd. now owns 194,785 shares of the Internet television network’s stock valued at $73,551,000 after purchasing an additional 2,801 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.6 %

Shares of NFLX traded down $3.57 during mid-day trading on Friday, hitting $561.23. 4,328,174 shares of the company’s stock were exchanged, compared to its average volume of 4,516,832. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company has a market cap of $241.83 billion, a PE ratio of 38.95, a P/E/G ratio of 1.36 and a beta of 1.22. The company has a 50-day simple moving average of $604.54 and a 200 day simple moving average of $519.46.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.88 EPS. On average, research analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 20,734 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,573 shares of company stock valued at $89,548,241. Insiders own 2.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Loop Capital upped their price objective on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a report on Monday, March 18th. UBS Group upped their price target on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Jefferies Financial Group lifted their price objective on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Canaccord Genuity Group restated a “hold” rating and set a $585.00 target price (down from $720.00) on shares of Netflix in a research report on Friday, April 19th. Finally, DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Company Profile

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.