Aigen Investment Management LP Sells 4,274 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aigen Investment Management LP lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 93.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 281 shares of the Internet television network's stock after selling 4,274 shares during the period. Aigen Investment Management LP's holdings in Netflix were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the 4th quarter valued at approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Up 0.7%

NFLX traded up $8.39 during trading hours on Friday, reaching $1,238.95. 2,766,194 shares of the stock traded hands, compared to its average volume of 3,760,348. The firm's fifty day simple moving average is $1,231.23 and its two-hundred day simple moving average is $1,102.15. The company has a market cap of $526.47 billion, a price-to-earnings ratio of 52.79, a PEG ratio of 2.07 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. The company's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock worth $179,443,809 in the last three months. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a research report on Friday, July 18th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Robert W. Baird raised their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, Oppenheimer lifted their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Company Profile

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.