BluePointe Capital Management LLC Sells 13 Shares of Netflix, Inc. (NASDAQ:NFLX)

BluePointe Capital Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,089 shares of the Internet television network’s stock after selling 13 shares during the quarter. BluePointe Capital Management LLC’s holdings in Netflix were worth $772,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NFLX. Denver PWM LLC acquired a new stake in shares of Netflix during the second quarter worth approximately $25,000. Proffitt & Goodson Inc. increased its stake in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. AlphaMark Advisors LLC raised its position in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC acquired a new position in Netflix during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NFLX shares. Wells Fargo & Company boosted their price objective on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Redburn Atlantic increased their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Rosenblatt Securities boosted their target price on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Guggenheim lifted their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This trade represents a 26.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 205,084 shares of company stock valued at $146,747,101 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.8 %

Shares of NFLX stock opened at $837.26 on Friday. The company’s fifty day simple moving average is $729.53 and its two-hundred day simple moving average is $676.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $841.00. The stock has a market capitalization of $357.90 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 1.60 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. As a group, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Netflix Profile

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.