AO Asset Management LLC Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Gwen Vasquez
July 17, 2017

(NASDAQ:NFLX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). In terms of recent volatility, the average for the month is 2.40% and 2.18% for the past week. Several institutional investors have recently modified their holdings of NFLX. Dimensional Fund Advisors LP now owns 507,261 shares of the Internet television network's stock valued at $62,804,000 after buying an additional 19,154 shares during the last quarter.

For the second quarter in a row, Netflix has handily beaten industry watchers - and its own expectations - in adding a mountain of additional new subscribers. Perigon Wealth Management LLC boosted its stake in Netflix by 1.1% in the fourth quarter. Eqis Capital Management Inc. now owns 35,308 shares of the Internet television network's stock valued at $5,275,000 after buying an additional 3,419 shares during the last quarter.

Receive Netflix, Inc. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix, Inc. with MarketBeat.com's FREE daily email newsletter. Insiders own 4.90% of the company's stock. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since July 17, 2016 and is uptrending. The stock had a trading volume of 9,916,194 shares. The firm has a market capitalization of $69.44 billion, a P/E ratio of 208.43 and a beta of 0.99. The firm has a 50 day moving average of $157.80 and a 200 day moving average of $144.87. (NASDAQ:NFLX) to report earnings on Jul, 17 for the fiscal quarter ending Jun 2017. It grew revenue by almost 30 percent during the second quarter to $2.97 billion and reported earnings of 16 cents per share. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.64 billion. (NASDAQ:NFLX) was sold by BARTON RICHARD N. HASTINGS REED also sold $12.05 million worth of Netflix, Inc. The high and low revenue estimates for the current quarter are $2.94 Billion and $2.79 Billion, respectively.

They expect $0.16 EPS, up 43.75% or $0.07 from last year's $0.09 per share.

It was the first of the big techs to report this earnings season.

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In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction dated Wednesday, April 19th. Finally, FBR & Co reaffirmed a "market perform" rating and set a $145.00 price target on shares of Netflix in a research report on Friday. The stock has a consensus rating of "Buy" and an average price target of $151.47. Morgan Stanley reiterated an "overweight" rating and issued a $185.00 price target (up from $175.00) on shares of Netflix in a report on Thursday. Stifel Nicolaus raised their target price on Netflix from $155.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, April 18th.

Among 17 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 2 Hold.

In other Netflix news, insider Gregory K. Peters sold 6,909 shares of Netflix stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $162.00, for a total transaction of $174,636.00. (NYSE:MRK). Bath Savings Tru owns 6,160 shares. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". The shares were sold at an average price of $150.02, for a total transaction of $1,036,488.18. The stock has been active on the tape, now trading at $161.12, up from yesterday's close by 1.84%.

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