Leisure Capital Management Lowers Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Leisure Capital Management reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,305 shares of the Internet television network’s stock after selling 238 shares during the period. Netflix accounts for 1.3% of Leisure Capital Management’s portfolio, making the stock its 16th biggest holding. Leisure Capital Management’s holdings in Netflix were worth $3,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Denver PWM LLC purchased a new position in Netflix in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC lifted its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Netflix in the 4th quarter worth approximately $32,000. Indiana Trust & Investment Management CO lifted its holdings in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. Finally, Proffitt & Goodson Inc. lifted its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.7 %

Shares of NASDAQ NFLX traded down $4.82 during mid-day trading on Wednesday, reaching $701.16. 512,204 shares of the company were exchanged, compared to its average volume of 3,626,253. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $302.20 billion, a price-to-earnings ratio of 48.75, a P/E/G ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $736.00. The firm has a 50-day moving average of $690.82 and a 200 day moving average of $653.04.

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

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Macquarie lifted their price objective on Netflix from $695.00 to $795.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Benchmark reissued a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday. Guggenheim boosted their target price on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Pivotal Research boosted their target price on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $704.26.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,167 shares of company stock worth $150,492,460. 1.76% of the stock is owned by insiders.

Netflix 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.