Mattson Financial Services LLC Sells 98 Shares of Netflix, Inc. $NFLX

Mattson Financial Services LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,506 shares of the Internet television network’s stock after selling 98 shares during the quarter. Mattson Financial Services LLC’s holdings in Netflix were worth $3,356,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC lifted its stake in Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC bought a new position in Netflix in the first quarter valued at approximately $37,000. Maseco LLP bought a new position in Netflix in the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in Netflix in the first quarter valued at approximately $42,000. Finally, 1248 Management LLC bought a new position in Netflix in the first quarter valued at approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $1,183.59 on Friday. The company has a market cap of $502.94 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 2.02 and a beta of 1.59. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company’s fifty day simple moving average is $1,213.72 and its 200 day simple moving average is $1,174.05. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.88 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating on shares of Netflix in a report on Wednesday. The Goldman Sachs Group lowered their price objective on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. KeyCorp lifted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Barclays reiterated a “sell” rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,339.81.

About Netflix

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.