Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Aire Advisors LLC

Aire Advisors LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 754 shares of the Internet television network's stock after selling 240 shares during the period. Aire Advisors LLC's holdings in Netflix were worth $703,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC boosted its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in shares of Netflix during the fourth quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of a number of research reports. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research report on Monday. FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price for the company. TD Cowen increased their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Robert W. Baird increased their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Trading Down 0.7%

NFLX stock traded down $7.71 during trading on Thursday, hitting $1,169.07. The company had a trading volume of 2,005,001 shares, compared to its average volume of 4,302,503. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $496.77 billion, a P/E ratio of 49.81, a PEG ratio of 2.00 and a beta of 1.59. The company has a 50 day simple moving average of $1,236.60 and a 200-day simple moving average of $1,067.26. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter 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, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,563 shares of company stock worth $223,147,201. Insiders own 1.37% of the company's stock.

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.