Boston Common Asset Management LLC Sells 1,377 Shares of Netflix, Inc. (NASDAQ:NFLX)

Boston Common Asset Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,819 shares of the Internet television network's stock after selling 1,377 shares during the period. Netflix comprises 1.0% of Boston Common Asset Management LLC's investment portfolio, making the stock its 14th biggest position. Boston Common Asset Management LLC's holdings in Netflix were worth $34,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brown Shipley& Co Ltd bought a new position in Netflix in the 4th quarter worth approximately $27,000. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the period. Transce3nd LLC bought a new position in Netflix in the 4th quarter worth approximately $32,000. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth approximately $34,000. Finally, Pineridge Advisors LLC boosted its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 1.5%

Shares of NFLX traded up $17.26 during trading hours on Friday, reaching $1,202.12. 4,686,095 shares of the company traded hands, compared to its average volume of 3,758,665. The company's fifty day moving average price is $1,059.27 and its two-hundred day moving average price is $974.30. The company has a market capitalization of $511.59 billion, a price-to-earnings ratio of 60.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,215.91.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share 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 analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the firm posted $8.28 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Wells Fargo & Company increased their target price on shares of 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, Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research note on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,122.33.

Insider Activity

In other news, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,624,746.55. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,348 shares of company stock valued at $139,087,908. Corporate insiders own 1.37% of the company's stock.

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.