Sheaff Brock Investment Advisors LLC Cuts Stake in Netflix, Inc. (NFLX)

Sheaff Brock Investment Advisors LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,110 shares of the Internet television network’s stock after selling 1,390 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Netflix were worth $2,377,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in Netflix during the second quarter worth $1,045,000. Lincoln National Corp increased its holdings in Netflix by 7.0% during the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock worth $742,000 after buying an additional 268 shares during the last quarter. Calamos Advisors LLC increased its holdings in Netflix by 198.5% during the second quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock worth $31,218,000 after buying an additional 138,945 shares during the last quarter. Alps Advisors Inc. acquired a new position in Netflix during the second quarter worth $262,000. Finally, BB&T Corp increased its holdings in Netflix by 20.0% during the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock worth $700,000 after buying an additional 642 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on NFLX shares. Bank of America boosted their target price on shares of Netflix from $199.00 to $225.00 in a report on Tuesday, October 17th. Rosenblatt Securities restated a “buy” rating and set a $200.00 target price on shares of Netflix in a report on Wednesday, August 16th. J P Morgan Chase & Co restated a “buy” rating on shares of Netflix in a report on Wednesday, August 9th. Cantor Fitzgerald restated a “buy” rating and set a $205.00 target price on shares of Netflix in a report on Friday, August 11th. Finally, Sanford C. Bernstein set a $203.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $207.30.

Shares of Netflix, Inc. (NFLX) opened at $186.82 on Monday. Netflix, Inc. has a 52-week low of $116.75 and a 52-week high of $204.38. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $80,842.83, a PE ratio of 188.71, a P/E/G ratio of 5.55 and a beta of 1.33.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. analysts expect that Netflix, Inc. will post 1.26 EPS for the current fiscal year.

In other news, CFO David B. Wells sold 1,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $195.69, for a total value of $195,690.00. Following the completion of the transaction, the chief financial officer now owns 662 shares of the company’s stock, valued at $129,546.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Insiders sold 325,935 shares of company stock valued at $62,898,922 in the last three months. Company insiders own 4.90% of the company’s stock.

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Netflix Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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