Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Cypress Wealth Services LLC

Cypress Wealth Services LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 82.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,469 shares of the Internet television network’s stock after buying an additional 664 shares during the quarter. Cypress Wealth Services LLC’s holdings in Netflix were worth $540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its holdings in Netflix by 2.4% during the first quarter. FMR LLC now owns 26,167,019 shares of the Internet television network’s stock worth $9,330,112,000 after purchasing an additional 605,419 shares during the last quarter. Northern Trust Corp raised its holdings in Netflix by 1.9% during the first quarter. Northern Trust Corp now owns 4,948,504 shares of the Internet television network’s stock worth $1,764,438,000 after purchasing an additional 90,312 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Netflix by 11.6% during the first quarter. Janus Henderson Group PLC now owns 3,257,549 shares of the Internet television network’s stock worth $1,161,512,000 after purchasing an additional 339,899 shares during the last quarter. Swiss National Bank raised its holdings in Netflix by 2.8% during the first quarter. Swiss National Bank now owns 1,455,525 shares of the Internet television network’s stock worth $518,982,000 after purchasing an additional 39,900 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Netflix by 2.9% during the first quarter. American Century Companies Inc. now owns 1,199,010 shares of the Internet television network’s stock worth $427,519,000 after purchasing an additional 33,561 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ann Mather sold 1,208 shares of Netflix stock in a transaction on 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 owns 357 shares of the company’s stock, valued at $133,875. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 55,342 shares of Netflix stock in a transaction on 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 approximately $17,130,562.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,862 shares of company stock valued at $56,966,404. Company insiders own 4.29% of the company’s stock.

Shares of NASDAQ:NFLX opened at $318.83 on Friday. The stock has a market capitalization of $141.42 billion, a P/E ratio of 118.97, a P/E/G ratio of 3.28 and a beta of 1.24. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.85 and a current ratio of 0.85. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $386.80. The firm has a fifty day simple moving average of $353.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Wednesday, July 17th. The Internet television network reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.93 billion. Netflix had a return on equity of 20.88% and a net margin of 6.53%. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Research analysts forecast that Netflix, Inc. will post 3.28 earnings per share for the current year.

Several brokerages recently issued reports on NFLX. UBS Group reaffirmed a “buy” rating and set a $420.00 price objective on shares of Netflix in a report on Thursday, April 18th. Citigroup reduced their price objective on Netflix from $420.00 to $410.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Goldman Sachs Group reduced their price objective on Netflix from $460.00 to $420.00 in a report on Thursday, July 18th. Barclays reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, May 16th. Finally, ValuEngine cut Netflix from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $390.47.

About Netflix

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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