Brighton Jones LLC Sells 405 Shares of Netflix, Inc. (NASDAQ:NFLX)

Brighton Jones LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,985 shares of the Internet television network's stock after selling 405 shares during the quarter. Brighton Jones LLC's holdings in Netflix were worth $4,648,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brown Shipley& Co Ltd acquired a new position in Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in Netflix in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. grew its holdings 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 valued at $41,000 after buying an additional 45 shares during the period. Finally, NewSquare Capital LLC raised its stake in shares of Netflix by 120.0% in the 4th quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network's stock valued at $49,000 after purchasing an additional 30 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $1,561,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by company insiders.

Netflix Price Performance

NASDAQ NFLX traded up $1.62 on Wednesday, reaching $1,222.29. The company's stock had a trading volume of 2,267,387 shares, compared to its average volume of 3,742,148. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The firm's 50 day moving average is $1,132.97 and its two-hundred day moving average is $1,004.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $520.17 billion, a PE ratio of 57.76, a PEG ratio of 2.37 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the firm posted $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of recent research reports. Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Macquarie raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Guggenheim reaffirmed a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

About Netflix

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.