Beech Hill Advisors Inc. Sells 300 Shares of Netflix, Inc. (NASDAQ:NFLX)

Beech Hill Advisors Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,129 shares of the Internet television network's stock after selling 300 shares during the period. Netflix makes up 1.9% of Beech Hill Advisors Inc.'s investment portfolio, making the stock its 15th largest holding. Beech Hill Advisors Inc.'s holdings in Netflix were worth $4,783,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its position in shares of 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 buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter valued at $27,000. Transce3nd LLC purchased a new position in Netflix during the 4th quarter worth $32,000. Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. grew its stake in shares of Netflix by 4,500.0% in the 4th 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. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction on 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. Over the last quarter, insiders have sold 184,660 shares of company stock valued at $209,802,025. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFLX shares. JPMorgan Chase & Co. reissued a "neutral" rating and set a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Pivotal Research lifted their target price on shares of Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Canaccord Genuity Group boosted their price objective on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Wedbush restated an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Netflix Price Performance

Shares of NFLX stock traded up $31.42 during trading hours on Thursday, reaching $1,306.67. The stock had a trading volume of 2,601,963 shares, compared to its average volume of 3,738,504. The stock's fifty day simple moving average is $1,169.57 and its 200 day simple moving average is $1,018.04. 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 12 month low of $587.04 and a 12 month high of $1,307.49. The firm has a market capitalization of $556.08 billion, a PE ratio of 61.75, a PEG ratio of 2.47 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 (EPS) for the quarter, topping 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 business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the company posted $8.28 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

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.