Bristlecone Advisors LLC Has $5.82 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bristlecone Advisors LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,237 shares of the Internet television network's stock after selling 758 shares during the period. Bristlecone Advisors LLC's holdings in Netflix were worth $5,816,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in shares of Netflix in the 4th quarter worth $32,000. Copia Wealth Management acquired a new position in Netflix in the 4th quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFLX. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Guggenheim reiterated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Barclays restated a "sell" rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Rosenblatt Securities boosted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 150,226 shares of company stock valued at $183,849,784. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 0.2%

NFLX stock opened at $1,180.37 on Friday. Netflix, Inc. has a one year low of $616.02 and a one year high of $1,341.15. The stock has a market capitalization of $501.57 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 1.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a fifty day moving average of $1,232.06 and a 200-day moving average of $1,091.12.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. As a group, analysts expect 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.

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