LVM Capital Management Ltd. MI Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

LVM Capital Management Ltd. MI reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 23.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,909 shares of the Internet television network’s stock after selling 583 shares during the period. LVM Capital Management Ltd. MI’s holdings in Netflix were worth $841,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Baldrige Asset Management LLC lifted its stake in shares of Netflix by 156.3% in the 1st quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock worth $28,000 after acquiring an additional 50 shares during the period. Barrett & Company Inc. acquired a new stake in shares of Netflix in the 1st quarter worth $29,000. Retirement Group LLC lifted its stake in shares of Netflix by 52.6% in the 1st quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 30 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Netflix by 8,700.0% in the 1st quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 87 shares during the period. Finally, Silicon Valley Capital Partners lifted its stake in shares of Netflix by 80.0% in the 1st quarter. Silicon Valley Capital Partners now owns 90 shares of the Internet television network’s stock worth $31,000 after acquiring an additional 40 shares during the period. 79.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NFLX. Pivotal Research raised their price objective on shares of Netflix from $535.00 to $600.00 in a research note on Thursday, July 20th. Wedbush raised their price objective on shares of Netflix from $475.00 to $525.00 and gave the company an “outperform” rating in a research note on Thursday, July 20th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $425.00 to $500.00 in a research note on Friday, August 25th. Oppenheimer reiterated an “outperform” rating and issued a $515.00 price objective on shares of Netflix in a research note on Wednesday, August 23rd. Finally, Jefferies Financial Group raised their price objective on shares of Netflix from $440.00 to $520.00 in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $432.91.

Netflix Stock Up 0.2 %

NFLX traded up $0.92 during trading on Friday, hitting $401.41. The company had a trading volume of 3,068,609 shares, compared to its average volume of 6,982,752. The company has a market cap of $177.88 billion, a PE ratio of 42.65, a P/E/G ratio of 1.37 and a beta of 1.29. The business has a 50-day moving average of $432.50 and a 200-day moving average of $383.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.33 and a quick ratio of 1.33. Netflix, Inc. has a 1-year low of $211.73 and a 1-year high of $485.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.44. Netflix had a net margin of 13.22% and a return on equity of 19.76%. The firm had revenue of $8.19 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the prior year, the company posted $3.20 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 11.92 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 500 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $443.07, for a total transaction of $221,535.00. Following the completion of the sale, the director now owns 152 shares in the company, valued at $67,346.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Netflix news, Director Richard N. Barton sold 500 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $443.07, for a total transaction of $221,535.00. Following the completion of the sale, the director now owns 152 shares in the company, valued at $67,346.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 55,386 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $431.10, for a total transaction of $23,876,904.60. The disclosure for this sale can be found here. Insiders sold a total of 125,377 shares of company stock worth $54,547,674 over the last 90 days. Insiders own 2.45% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.