Stonehage Fleming Financial Services Holdings Ltd Sells 94,405 Shares of Netflix, Inc. $NFLX

Stonehage Fleming Financial Services Holdings Ltd trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.3% in the second quarter, HoldingsChannel.com reports. The fund owned 1,680,397 shares of the Internet television network’s stock after selling 94,405 shares during the period. Netflix makes up 4.1% of Stonehage Fleming Financial Services Holdings Ltd’s investment portfolio, making the stock its 14th largest position. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Netflix were worth $119,980,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NFLX. Imprint Wealth LLC purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. Turning Point Benefit Group Inc. lifted its stake in Netflix by 13,400.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 268 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Netflix during the fourth quarter valued at $26,000. Cornerstone Financial Management LLC bought a new position in Netflix during the fourth quarter valued at $26,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in Netflix in the second quarter worth $26,000. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 386,700 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the sale, the director directly owned 3,940 shares of the company’s stock, valued at approximately $338,721.80. This represents a 98.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 600,295 shares of company stock worth $49,056,671 over the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $79.84 on Friday. Netflix, Inc. has a one year low of $65.08 and a one year high of $126.71. The business has a fifty day moving average price of $74.56 and a 200-day moving average price of $84.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $332.45 billion, a P/E ratio of 25.13, a PEG ratio of 1.02 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wedbush lowered their target price on Netflix from $118.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. JPMorgan Chase & Co. decreased their price objective on Netflix from $118.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, July 17th. KGI Securities cut Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research note on Friday, July 17th. KeyCorp reaffirmed an “overweight” rating and set a $92.00 price objective (down from $115.00) on shares of Netflix in a report on Monday, July 13th. Finally, Guggenheim set a $75.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.19.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s advertising strategy remains a potential earnings catalyst. The company is targeting roughly $3 billion in advertising revenue, while expanding ad-supported plans globally and incorporating live events to improve monetization. Netflix Stock Opinions on Ad Monetization and Market Resistance
• Positive Sentiment: Analyst support and a stronger content lineup are helping underpin the recovery narrative. Wolfe Research recently raised its price target to $95, while reports of a Netflix-related Grand Theft Auto VI preview and other upcoming releases could support engagement and subscriber monetization. Jim Cramer Says Netflix Worth the Risk as Wolfe Raises Price Target to $95
• Neutral Sentiment: The stock has historically attracted buyers near its current technical floor, and it has recovered more than 21% from a recent low. However, investors are watching whether the rebound can break through resistance and develop into a sustained advance. NFLX Has Bounced From This Price Before. Now What?
• Neutral Sentiment: Netflix continues to post solid fundamentals: latest quarterly revenue rose 13.4% year over year to $12.56 billion, while earnings modestly exceeded expectations. The slight revenue miss and debate over slowing growth, however, have limited investor enthusiasm.
• Negative Sentiment: Relative weakness is notable because Netflix declined even as the broader market advanced. Analysts increasingly view Alphabet as having an edge because of its faster-growing, diversified advertising business and lower valuation, raising concerns about Netflix’s multiple and future growth rate. NFLX vs. GOOGL: Which Streaming and Ad Stock Has an Edge Right Now?
• Negative Sentiment: Reported insider activity has been heavily skewed toward selling, with no insider purchases and multiple sales by executives and directors over the past six months. While such transactions do not necessarily signal deteriorating operations, they can weigh on sentiment during a technical pullback. Netflix Insider Trading and Market Resistance

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.