Alaska Department of Revenue Sold 8,835 Shares of Netflix, Inc. (NASDAQ:NFLX)

The Alaska Department of Revenue reduced its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 10.8% in the second quarter, according to the company’s latest filings with the SEC. The fund now owns 72,907 shares of Internet Television Network’s stock after selling 8,835 shares during the period. As of his most recent SEC filing with the Alaska Department of Revenue, his holdings in Netflix were worth $32,113,000.

Other hedge funds are also buying and selling the company’s stock. Baldrige Asset Management LLC raised its stake in Netflix by 156.3% in the 1st quarter. Baldrige Asset Management LLC bought an additional 50 shares of his stock in the last quarter and he now owns 82 shares of the Internet Television Network stock valued at $28,000. Barrett & Company Inc. acquired a new stake in Netflix in the 1st quarter valued at approximately $29,000. Manchester Capital Management LLC increased its position in Netflix by 8,700.0% in the 1st quarter. Manchester Capital Management LLC now owns 88 shares of the Internet Television Network’s stock valued at $30,000 after acquiring an additional 87 shares during the last quarter. Retirement Group LLC increased its position in shares of Netflix by 52.6% in the 1st quarter. Retirement Group LLC now owns 87 shares of the Internet Television Network’s stock valued at $30,000 after purchasing an additional 30 shares in the last quarter. Finally, Silicon Valley Capital Partners increased its position in shares of Netflix by 80.0% in the 1st quarter. Silicon Valley Capital Partners now owns 90 shares of the Internet Television Network’s stock valued at $31,000 after purchasing an additional 40 shares in the last quarter. 79.95% of the stock is currently held by institutional investors and hedge funds.

Netflix price performance

NASDAQ:NFLX fell $6.42 during Thursday’s trading session, hitting $370.48. The trading volume for this stock was 3,390,352 shares and its average volume was 6,828,185 shares. The company’s 50 day simple moving average is $415.03 and its 200 day simple moving average is $391.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.33, and a quick ratio of 1.33. Netflix has a 1-year low of $211.73 and a 1-year high of $485.00. The company has a market capitalization of $164.18 billion, a price-to-earnings ratio of 40.14x, a P/E ratio of 1.25x, and a beta of 1.31x.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 19th. Internet Television Network reported $3.29 EPS for the quarter, topping the consensus estimate of $2.85 by $0.44. Netflix had a net profit margin of 13.22% and a return on equity of 19.76%. The company had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.29 billion. The company’s EPS for the same period last year was $3.20. The business’ quarterly sales increased 2.7% year-on-year. Research analysts expect Netflix to report earnings per share of $11.91 for the current fiscal year.

Wall Street analysts predict growth

A number of equity research analysts have recently expressed their opinions on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Trust Financial reiterated a “hold” rating and set a $485.00 price objective on shares of Netflix in a research report on Friday, September 15th. Citigroup upped their target price on shares of Netflix from $400.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, June 29th. Evercore ISI lowered their target price on shares of Netflix from $550.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, September 18th. Finally, Rosenblatt Securities upped their target price on shares of Netflix from $358.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, thirteen have rated it with a hold rating and twenty-three have rated the stock with a buy rating. According to MarketBeat, Netflix has a consensus rating of “fair buy” and an average price target of $434.03.

Get the latest analysis on Netflix

Insider trading at Netflix

In other news, CEO Theodore A. Sarandos sold 55,386 shares of Netflix stock in a transaction on Friday, August 4th. The shares were sold at an average price of $431.10, for a total transaction of $23,876,904.60. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this link. In other news, CEO Theodore A. Sarandos sold 55,386 shares of Netflix stock in a transaction on Friday, August 4th. The shares were sold at an average price of $431.10, for a total transaction of $23,876,904.60. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this link. Also, Director Richard N. Burton sold 500 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $438.52, for a total transaction of $219,260.00. Following the transaction, the director now owns 86 shares of the company’s stock, valued at approximately $37,712.72. Disclosures regarding this sale can be found here. In the last 90 days, an insider sold 118,657 shares of company stock valued at $50,593,101. Insiders own 2.45% of the company’s shares.

About Netflix

(Free report)

Netflix, Inc provides entertainment services. We offer TV series, documentaries, feature films, and mobile games in a variety of genres and languages. The Company offers members the ability to receive streaming content through a number of Internet-connected devices, including televisions, digital video players, television set-top boxes, and mobile devices.

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Curious if other hedge funds own NFLX? Visit HoldingsChannel.com to get the latest 13F filing and insider transactions for Netflix, Inc. (NASDAQ:NFLX – Free Report).

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