Barton Investment Management Has $232.70 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Barton Investment Management cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 249,532 shares of the Internet television network's stock after selling 51,073 shares during the quarter. Netflix accounts for approximately 28.6% of Barton Investment Management's investment portfolio, making the stock its largest position. Barton Investment Management owned 0.06% of Netflix worth $232,696,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter worth approximately $32,000. Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter valued at approximately $37,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 1,090 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Insiders sold 153,390 shares of company stock valued at $170,509,439 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Down 0.7%

Shares of Netflix stock opened at $1,241.47 on Friday. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $528.33 billion, a price-to-earnings ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59. The firm's 50-day moving average is $1,087.80 and its two-hundred day moving average is $987.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm 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 last year, the firm earned $8.28 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFLX. Cfra Research upgraded Netflix to a "strong-buy" rating in a research report on Monday, April 28th. KeyCorp raised their target price 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. Rosenblatt Securities lifted their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Wells Fargo & Company upped their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,149.91.

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.