Mutual of America Capital Management LLC Sells 1,501 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mutual of America Capital Management LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the 3rd quarter, Holdings Channel reports. The fund owned 52,840 shares of the Internet television network’s stock after selling 1,501 shares during the quarter. Netflix comprises 0.4% of Mutual of America Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Mutual of America Capital Management LLC’s holdings in Netflix were worth $37,478,000 at the end of the most recent quarter.

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

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 30.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 205,084 shares of company stock valued at $146,747,101 over the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Bank of America lifted their target price on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Pivotal Research raised their price target on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Evercore ISI raised their target price on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

Netflix Trading Down 1.6 %

NASDAQ:NFLX opened at $823.96 on Friday. The business’s 50-day simple moving average is $735.77 and its 200-day simple moving average is $680.46. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $841.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $352.21 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Netflix Company 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.