Ameritas Advisory Services LLC Sells 1,559 Shares of Netflix, Inc. (NASDAQ:NFLX)

Ameritas Advisory Services LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 41.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,174 shares of the Internet television network's stock after selling 1,559 shares during the period. Ameritas Advisory Services LLC's holdings in Netflix were worth $1,979,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares in the last quarter. Maia Wealth LLC increased its stake in shares of Netflix by 3.2% in the fourth quarter. Maia Wealth LLC now owns 681 shares of the Internet television network's stock valued at $662,000 after buying an additional 21 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of Netflix by 17.7% in the fourth quarter. Modera Wealth Management LLC now owns 2,070 shares of the Internet television network's stock valued at $1,845,000 after buying an additional 312 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Netflix by 45.4% during the 4th quarter. Jones Financial Companies Lllp now owns 23,044 shares of the Internet television network's stock worth $20,540,000 after buying an additional 7,190 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Guggenheim reiterated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. UBS Group upped their price objective on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Canaccord Genuity Group raised their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Morgan Stanley boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,339.13 on Tuesday. The stock has a 50 day simple moving average of $1,190.27 and a 200 day simple moving average of $1,027.81. The stock has a market cap of $569.89 billion, a P/E ratio of 63.29, a PEG ratio of 2.56 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the firm earned $8.28 earnings per share. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Reed Hastings sold 26,933 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the sale, the director owned 394 shares of the company's stock, valued at $477,394.04. This represents a 98.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders sold 157,319 shares of company stock valued at $184,842,109 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix 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.

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