Advisory Alpha LLC Sells 1,006 Shares of Netflix, Inc. (NASDAQ:NFLX)

Advisory Alpha LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,045 shares of the Internet television network's stock after selling 1,006 shares during the period. Advisory Alpha LLC's holdings in Netflix were worth $975,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC increased its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the fourth quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter valued at $32,000. Newton One Investments LLC acquired a new position in shares of Netflix during the fourth quarter valued at $34,000. Finally, Pineridge Advisors LLC increased its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 1.5%

NASDAQ NFLX traded up $17.26 during trading on Friday, reaching $1,202.12. 4,686,095 shares of the company's stock were exchanged, compared to its average volume of 3,757,419. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.91. The firm has a market capitalization of $511.59 billion, a PE ratio of 60.62, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company's fifty day simple moving average is $1,059.27 and its 200-day simple moving average is $975.30.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the company earned $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director now directly owns 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,348 shares of company stock worth $139,087,908 in the last three months. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday. Barclays raised their target price on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. KeyCorp raised their target price on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,122.33.

About Netflix

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