Bard Financial Services Inc. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 52.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 450 shares of the Internet television network's stock after selling 500 shares during the quarter. Bard Financial Services Inc.'s holdings in Netflix were worth $420,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital & Planning LLC purchased a new stake in Netflix during the 4th quarter worth approximately $809,000. Brighton Jones LLC raised its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Netflix in the 4th quarter valued at $12,212,000. Revolve Wealth Partners LLC lifted its holdings in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC acquired a new stake in Netflix during the 4th quarter worth $276,000. Hedge funds and other institutional investors own 80.93% of the company's stock.
Insider Transactions at Netflix
In other Netflix news, insider Cletus R. Willems sold 298 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by corporate insiders.
Netflix Stock Down 0.1%
NASDAQ NFLX traded down $1.05 during trading hours on Friday, hitting $1,213.99. 1,464,131 shares of the company were exchanged, compared to its average volume of 3,753,576. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $516.64 billion, a price-to-earnings ratio of 61.24, a PEG ratio of 2.12 and a beta of 1.59. The company has a 50 day moving average of $1,113.54 and a two-hundred day moving average of $996.91. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm posted $8.28 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.
Wall Street Analysts Forecast Growth
NFLX has been the topic of several research reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Rosenblatt Securities upped their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday. Wells Fargo & Company raised their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research report on Monday, April 21st. 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. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.
View Our Latest Analysis on Netflix
About Netflix
(
Free Report)
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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