Wedbush Reiterates Sell Rating for Netflix, Inc. (NFLX)


(NASDAQ:NFLX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Appropriate Balance Financial Services Inc. now owns 702 shares of the Internet television network's stock valued at $4,701,000 after buying an additional 37 shares during the period.

Other hedge funds also recently added to or reduced their stakes in the company. Clean Yield Group bought a new stake in shares of Netflix during the first quarter worth about $103,000.

Shares of Netflix, Inc. Sumitomo Mitsui Trust Holdings, Inc. now controls 1,231,066 shares valued at $183,934,000.

TRADEMARK VIOLATION NOTICE: "Netflix, Inc". SRS Capital Advisors Inc. now owns 727 shares of the Internet television network's stock valued at $107,000 after buying an additional 706 shares in the last quarter. Baillie Gifford & Co. now owns 7,593,097 shares of the Internet television network's stock valued at $1,122,336,000 after buying an additional 234,664 shares in the last quarter. Teachers Advisors LLC increased its stake in Netflix by 2.0% in the first quarter. Assetmark Inc. now owns 1,201 shares of the Internet television network's stock worth $178,000 after buying an additional 36 shares during the last quarter. Moreover, Clenar Muke Llc has 0.22% invested in the company for 470,394 shares.

Netflix, Inc. has 52 week low of $91.82 and a 52 week high of $191.50 with a PE ratio of 213.84 and has a market capitalization of $0. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since August 10, 2016 and is uptrending. As of quarter end Alliancebernstein L.P. had sold a total of 55,318 shares trimming its holdings by 6.1%. The stock's 50 day moving average price is $168.29 and its 200-day moving average price is $153.50. Gilder Gagnon Howe & Co Llc who had been investing in Netflix Com Inc Com for a number of months, seems to be less bullish one the $73.46 billion market cap company.

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Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, July 17th. Netflix had a return on equity of 12.82% and a net margin of 3.55%. During the same period in the prior year, the business earned $0.09 EPS. Netflix's revenue for the quarter was up 32.3% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post $1.19 EPS for the current year.

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July 17 investment analysts at Nomura held the company rating at "Buy" but raised the price expectation from $130.00 to $175.00. Zacks Investment Research raised shares of Netflix from a "hold" rating to a "buy" rating and set a $163.00 price target on the stock in a research report on Tuesday, March 21st. On July 18 Credit Suisse made no change to the company rating of "Neutral" and raised the price target to $190.00 from $115.00. Loop Capital upped their price objective on shares of Netflix from $162.00 to $172.00 and gave the company an "outperform" rating in a research report on Wednesday, April 19th. William Blair restated an "outperform" rating and set a $165.00 price objective on shares of Netflix in a research note on Saturday, April 22nd. The stock presently has an average rating of "Buy" and a consensus price target of $174.74. Richard N. Barton, Director sold $375,520 worth of shares at a price of $187.76 on Wednesday the 26th. The shares were sold at an average price of $187.79, for a total value of $187,790.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Neil D. Hunt sold 25,000 shares of the firm's stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $164.29, for a total transaction of $1,125,879.37. The disclosure for this sale can be found here.

The Walt Disney Company (NYSE:DIS) is launching two Netflix-style streaming services in a bid to address the pressure on its television business. The Firm operates through three divisions: Domestic streaming, worldwide streaming and Domestic DVD. Netflix Chief Content Officer Ted Sarandos spoke to Reuters, stating that Disney's decision to launch its own streaming site is not unexpected. Having its own streaming service could open a new subscription revenue stream for Disney, an improvement over the licensing fees it gets from sending its content to other streaming services.