Aubrey Capital Management Ltd Sells 800 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aubrey Capital Management Ltd decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,200 shares of the Internet television network's stock after selling 800 shares during the quarter. Netflix makes up 1.6% of Aubrey Capital Management Ltd's portfolio, making the stock its 16th biggest position. Aubrey Capital Management Ltd's holdings in Netflix were worth $3,916,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC raised its stake in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $873,000. First National Trust Co raised its stake in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares in the last quarter. Haven Private LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $733,000. Finally, Sigma Planning Corp raised its stake in Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after buying an additional 386 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now directly owns 63,040 shares in the company, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company's stock.

Netflix Stock Down 0.2%

Shares of NASDAQ:NFLX traded down $2.88 during midday trading on Friday, hitting $1,212.15. 2,209,188 shares of the stock were exchanged, compared to its average volume of 3,763,911. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The business's fifty day simple moving average is $1,113.54 and its two-hundred day simple moving average is $996.91. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $515.86 billion, a PE ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59.

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, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NFLX shares. Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Jefferies Financial Group increased their price target on Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Rosenblatt Securities increased their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. 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. Finally, Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,156.73.

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.