Netflix, Inc. (NFLX) Shares Sold by San Francisco Sentry Investment Group CA

San Francisco Sentry Investment Group CA cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,374 shares of the Internet television network’s stock after selling 561 shares during the quarter. Netflix comprises 1.2% of San Francisco Sentry Investment Group CA’s holdings, making the stock its 12th biggest position. San Francisco Sentry Investment Group CA’s holdings in Netflix were worth $2,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. BlackRock Inc. grew its position in shares of Netflix by 4.2% in the 1st quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after purchasing an additional 1,069,420 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Netflix by 39,296.1% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 929,355 shares of the Internet television network’s stock valued at $2,334,000 after purchasing an additional 926,996 shares during the period. Summit Trail Advisors LLC grew its position in shares of Netflix by 49,540.2% in the 1st quarter. Summit Trail Advisors LLC now owns 907,422 shares of the Internet television network’s stock valued at $907,000 after purchasing an additional 905,594 shares during the period. Baillie Gifford & Co. grew its position in shares of Netflix by 12.0% in the 1st quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after purchasing an additional 837,285 shares during the period. Finally, Carmignac Gestion acquired a new position in shares of Netflix in the 1st quarter valued at approximately $203,367,000. Institutional investors and hedge funds own 76.80% of the company’s stock.

Shares of Netflix opened at $345.87 on Friday, MarketBeat Ratings reports. Netflix, Inc. has a 12-month low of $164.23 and a 12-month high of $423.21. The company has a market cap of $152.13 billion, a PE ratio of 159.52, a P/E/G ratio of 4.33 and a beta of 0.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86.



Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, July 16th. The Internet television network reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.94 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The firm’s revenue was up 40.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. equities analysts expect that Netflix, Inc. will post 2.69 earnings per share for the current fiscal year.

NFLX has been the subject of several research analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $310.00 price objective on shares of Netflix in a research report on Monday, April 16th. Aegis restated a “hold” rating and issued a $230.00 target price on shares of Netflix in a research note on Monday, April 16th. Jefferies Financial Group restated a “hold” rating and issued a $312.00 target price on shares of Netflix in a research note on Tuesday, April 17th. Canaccord Genuity restated a “buy” rating and issued a $350.00 target price (up previously from $280.00) on shares of Netflix in a research note on Tuesday, April 17th. Finally, Pivotal Research restated a “buy” rating and issued a $420.00 target price (up previously from $400.00) on shares of Netflix in a research note on Tuesday, April 17th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $347.19.

In related news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $420.57, for a total transaction of $294,399.00. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $3,109,274.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theodore A. Sarandos sold 111,391 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $360.00, for a total value of $40,100,760.00. Following the transaction, the insider now directly owns 16,065 shares in the company, valued at $5,783,400. The disclosure for this sale can be found here. Insiders have sold a total of 434,027 shares of company stock worth $158,902,715 over the last three months. 4.29% of the stock is owned by insiders.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Featured Story: Outstanding Shares

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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