Bank Hapoalim BM Sells 734 Shares of Netflix, Inc. (NASDAQ:NFLX)

Bank Hapoalim BM cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 71.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 291 shares of the Internet television network's stock after selling 734 shares during the period. Bank Hapoalim BM's holdings in Netflix were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC bought a new stake in Netflix in the fourth quarter worth approximately $32,000. Copia Wealth Management bought a new stake in Netflix in the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Netflix stock traded down $14.31 on Tuesday, hitting $1,275.31. The company's stock had a trading volume of 3,281,114 shares, compared to its average volume of 3,758,225. The firm has a market cap of $542.73 billion, a P/E ratio of 60.27, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $1,211.46 and a 200-day moving average price of $1,041.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15.

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

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock worth $223,307,201 in the last quarter. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. FBN Securities began coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. UBS Group boosted their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays boosted their target price on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. Finally, Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Twelve investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,182.58.

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.