Dana Investment Advisors Inc. sell 1,351 shares of Netflix, Inc. (NASDAQ:NFLX)

Dana Investment Advisors Inc. reduced its stake in the shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,166 shares of the internet television network’s stock after selling 1,351 shares during the period. Holdings of Dana Investment Advisors Inc. in Netflix were worth $9,560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NFLX. Vanguard Group Inc. raised its holdings in Netflix by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock worth $22,220,936,000 after buying an additional 149,341 shares during the last quarter. Capital World Investors boosted its holdings in shares of Netflix by 0.7% during the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock worth $5,718,265,000 after buying an additional 78,320 shares in the last quarter. Jennison Associates LLC boosted 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 valued at $3,875,655,000 after acquiring an additional 929,193 shares during the period. Baillie Gifford & Co. increased its position in Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after acquiring an additional 106,756 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Netflix by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock worth $2,003,810,000 after buying an additional 72,807 shares during the last quarter. Institutional investors own 80.93% of the company’s shares.

Netflix stock down 0.3%

Shares of Netflix opened at $709.27 on Tuesday. The stock’s 50-day moving average is $670.86 and its 200-day moving average is $645.58. Netflix, Inc. it has a one year low of $344.73 and a one year high of $725.26. The firm has a market cap of $305.70 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.44 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 Your Free Report ) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.29 EPS. Equities research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current year.

Analysts set new price targets

A number of research analysts have issued reports on NFLX shares. Loop Capital upped their target price on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. China Renaissance assumed coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Argus lifted their price objective on Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Evercore ISI upped their target price on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Finally, Bank of America upped their price objective on shares of Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research report on Monday, July 15th . One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Moderate Buy” and an average price target of $686.03, according to MarketBeat.

Check out our latest report on NFLX

Insider trading at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold 179,494 shares of company stock worth $118,230,884 over the last 90 days. 1.76% of shares are currently held by corporate insiders.

About Netflix

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and games in different genres and languages. The company also offers members the ability to stream content through a range of internet-connected devices, including televisions, digital video players, TV set-top boxes and mobile devices.

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