Harel Insurance Investments & Financial Services Ltd. Sells 382 Shares of Netflix, Inc. (NASDAQ:NFLX)

Harel Insurance Investments & Financial Services Ltd. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 64.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207 shares of the Internet television network’s stock after selling 382 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Netflix were worth $78,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Icapital Wealth LLC purchased a new position in shares of Netflix during the 1st quarter valued at $25,000. Sageworth Trust Co purchased a new position in shares of Netflix during the 4th quarter valued at $29,000. Andrew Hill Investment Advisors Inc. purchased a new position in shares of Netflix during the 4th quarter valued at $30,000. Field & Main Bank purchased a new position in shares of Netflix during the 4th quarter valued at $30,000. Finally, Paragon Capital Management Ltd purchased a new position in shares of Netflix during the 4th quarter valued at $31,000. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX opened at $220.44 on Monday. The stock has a market cap of $97.94 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.05 and a current ratio of 1.05. Netflix, Inc. has a fifty-two week low of $162.71 and a fifty-two week high of $700.99. The firm’s 50-day simple moving average is $187.36 and its two-hundred day simple moving average is $297.95.

Netflix (NASDAQ:NFLXGet Rating) last announced its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.24. The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.03 billion. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.97 earnings per share. Analysts anticipate that Netflix, Inc. will post 10.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NFLX. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, July 20th. Cowen cut their target price on shares of Netflix from $590.00 to $325.00 and set an “outperform” rating for the company in a research report on Wednesday, April 20th. Wells Fargo & Company lowered shares of Netflix from an “overweight” rating to an “equal weight” rating and set a $300.00 target price for the company. in a research report on Wednesday, April 20th. BMO Capital Markets cut their target price on shares of Netflix from $405.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, July 14th. Finally, Canaccord Genuity Group cut their target price on shares of Netflix from $600.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Six research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $323.92.

Netflix Profile

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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