Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Anfield Capital Management LLC

Key Points

• Anfield Capital Management LLC reduced its stake in Netflix by 33.6%, ending with 1,457 shares worth approximately $1.36 million.
• Netflix's quarterly earnings report showed an EPS of $7.19, exceeding expectations, along with a revenue increase of 15.9% year-over-year.
• Insider trading activity included CEO Gregory K. Peters selling 2,026 shares, reducing his position by 13.68%.

Anfield Capital Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,457 shares of the Internet television network's stock after selling 738 shares during the period. Anfield Capital Management LLC's holdings in Netflix were worth $1,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fullcircle Wealth LLC increased its stake in Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after buying an additional 9 shares during the period. Mission Creek Capital Partners Inc. increased its stake in Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares during the period. Continuum Wealth Advisors LLC increased its stake in Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after buying an additional 10 shares during the period. Financial Enhancement Group LLC increased its stake in Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after buying an additional 10 shares during the period. Finally, Saxony Capital Management LLC increased its stake in Netflix by 1.4% in the 1st quarter. Saxony Capital Management LLC now owns 707 shares of the Internet television network's stock valued at $659,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Piper Sandler boosted their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. TD Cowen raised their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Three 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $6.97 during trading on Tuesday, reaching $1,225.28. The company had a trading volume of 2,278,570 shares, compared to its average volume of 3,937,797. Netflix, Inc. has a twelve month low of $635.50 and a twelve month high of $1,341.15. The stock has a market capitalization of $520.66 billion, a PE ratio of 52.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The stock has a 50-day moving average price of $1,232.39 and a two-hundred day moving average price of $1,097.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is currently owned by insiders.

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.