Netflix, Inc. (NASDAQ:NFLX) is Audent Global Asset Management LLC's 10th Largest Position

Audent Global Asset Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,369 shares of the Internet television network's stock after selling 471 shares during the quarter. Netflix accounts for approximately 4.1% of Audent Global Asset Management LLC's investment portfolio, making the stock its 10th biggest holding. Audent Global Asset Management LLC's holdings in Netflix were worth $5,007,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC grew its position 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 buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth $27,000. Transce3nd LLC bought a new position in shares of Netflix in the fourth quarter worth $32,000. Copia Wealth Management bought a new position in shares of Netflix in the fourth quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix in the first quarter valued at about $42,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Up 0.8%

NFLX traded up $10.38 on Friday, hitting $1,295.24. 2,006,224 shares of the company were exchanged, compared to its average volume of 3,761,661. The firm has a 50-day moving average price of $1,204.00 and a two-hundred day moving average price of $1,034.00. 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, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The company has a market cap of $551.21 billion, a price-to-earnings ratio of 61.21, a price-to-earnings-growth ratio of 2.48 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 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the company posted $8.28 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Morgan Stanley raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, UBS Group raised their target price on Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,182.58.

Insider Transactions at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the sale, the director directly owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is owned by corporate insiders.

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.