Schnieders Capital Management LLC Boosts Holdings in Netflix, Inc. $NFLX

Schnieders Capital Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,115 shares of the Internet television network’s stock after purchasing an additional 228 shares during the quarter. Schnieders Capital Management LLC’s holdings in Netflix were worth $2,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Resurgent Financial Advisors LLC raised its holdings in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after buying an additional 708 shares during the last quarter. MRA Advisory Group raised its holdings in shares of Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after buying an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after buying an additional 130,946 shares during the last quarter. Sava Infond d.o.o. raised its holdings in shares of Netflix by 25.1% in the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after buying an additional 300 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in shares of Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after buying an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NFLX. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a report on Wednesday, September 10th. Wall Street Zen lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. TD Cowen cut their price objective on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Citigroup reiterated a “neutral” rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Finally, The Goldman Sachs Group cut 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 research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,339.81.

Netflix Stock Up 1.3%

NFLX stock opened at $1,199.36 on Monday. The firm has a market cap of $509.64 billion, a PE ratio of 51.10, a P/E/G ratio of 2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s fifty day moving average is $1,213.47 and its 200 day moving average is $1,179.41. Netflix, Inc. has a one year low of $736.23 and a one year high of $1,341.15.

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

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.