Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Decreased by Mutual of America Capital Management LLC

by · The Cerbat Gem

Mutual of America Capital Management LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,341 shares of the Internet television network’s stock after selling 2,399 shares during the period. Netflix comprises approximately 0.4% of Mutual of America Capital Management LLC’s holdings, making the stock its 26th largest position. Mutual of America Capital Management LLC’s holdings in Netflix were worth $36,674,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NFLX. Wellington Management Group LLP increased its position in shares of Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after acquiring an additional 3,273,592 shares in the last quarter. GQG Partners LLC purchased a new position in shares of Netflix in the first quarter worth approximately $1,450,476,000. Jennison Associates LLC increased its position in shares of Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Netflix in the first quarter worth approximately $436,514,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in shares of Netflix in the first quarter worth approximately $372,293,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 22,526 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at $38,217.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Jay C. Hoag sold 43,750 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now directly owns 95,040 shares of the company’s stock, valued at $65,299,132.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the transaction, the chairman now directly owns 57 shares of the company’s stock, valued at $38,217.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,798 shares of company stock worth $129,552,672. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 1.5 %

Shares of NASDAQ:NFLX opened at $706.91 on Wednesday. The business’s 50-day moving average is $660.64 and its 200 day moving average is $639.15. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $711.33. The firm has a market capitalization of $304.68 billion, a P/E ratio of 49.06, a P/E/G ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Netflix (NASDAQ:NFLX – Get Free Report) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same quarter in the previous year, the business earned $3.29 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, research analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NFLX shares. Oppenheimer reaffirmed an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research report on Tuesday, July 30th. Jefferies Financial Group boosted their price objective on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. UBS Group boosted their price objective on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Guggenheim boosted their price objective on shares of Netflix from $700.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Evercore ISI upped their target price on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $685.29.

Get Our Latest Stock Analysis on Netflix

Netflix Profile

(Free Report)

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.

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