ProShare Advisors LLC Sells 93,572 Shares of Netflix, Inc. (NASDAQ:NFLX)

ProShare Advisors LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 17.5% during the third quarter, HoldingsChannel reports. The firm owned 440,836 shares of the Internet television network’s stock after selling 93,572 shares during the quarter. ProShare Advisors LLC’s holdings in Netflix were worth $103,790,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Gould Capital LLC bought a new stake in shares of Netflix during the 2nd quarter valued at about $26,000. Tevis Investment Management boosted its stake in shares of Netflix by 133.3% during the 2nd quarter. Tevis Investment Management now owns 175 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Urban Wealth Management LLC bought a new stake in Netflix during the second quarter worth about $34,000. Horan Securities Inc. boosted its stake in Netflix by 415.8% during the second quarter. Horan Securities Inc. now owns 196 shares of the Internet television network’s stock worth $37,000 after acquiring an additional 158 shares in the last quarter. Finally, Paragon Wealth Strategies LLC bought a new stake in Netflix during the third quarter worth about $47,000. Institutional investors own 77.26% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research reports. Cfra raised shares of Netflix from a “sell” rating to a “buy” rating and set a $310.00 price objective on the stock in a research note on Thursday, December 29th. Wedbush boosted their price objective on shares of Netflix from $400.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 17th. Bank of America reissued a “buy” rating and set a $370.00 price objective on shares of Netflix in a research note on Tuesday, November 15th. UBS Group upped their target price on shares of Netflix from $250.00 to $350.00 in a research note on Tuesday, January 17th. Finally, Guggenheim upped their target price on shares of Netflix from $305.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $342.36.

Netflix Price Performance

Shares of NFLX traded down $1.63 during mid-day trading on Wednesday, reaching $362.20. The stock had a trading volume of 763,930 shares, compared to its average volume of 10,852,989. The firm has a market cap of $161.19 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.89 and a beta of 1.27. Netflix, Inc. has a 12 month low of $162.71 and a 12 month high of $458.48. The business has a fifty day moving average of $307.15 and a 200 day moving average of $262.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.14 and a current ratio of 1.17.

Netflix (NASDAQ:NFLXGet Rating) last posted its quarterly earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.35). Netflix had a return on equity of 23.06% and a net margin of 14.21%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.85 billion. During the same quarter in the previous year, the company earned $1.33 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 10.94 EPS for the current year.

About Netflix

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLXGet Rating).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.