Bryn Mawr Capital Management LLC Has $1.72 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Bryn Mawr Capital Management LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,839 shares of the Internet television network's stock after selling 234 shares during the period. Bryn Mawr Capital Management LLC's holdings in Netflix were worth $1,715,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its stake in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC raised its stake in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC raised its stake in Netflix by 23.8% during the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after purchasing an additional 87 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Netflix by 39.1% during the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock valued at $1,926,000 after acquiring an additional 607 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of Netflix by 9.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 438 shares of the Internet television network's stock valued at $390,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. KeyCorp boosted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Macquarie boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Loop Capital restated a "hold" rating on shares of Netflix in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,227.39.

Insiders Place Their Bets

In other news, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 over the last quarter. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NASDAQ:NFLX traded down $9.96 during mid-day trading on Wednesday, hitting $1,250.31. The company's stock had a trading volume of 3,214,297 shares, compared to its average volume of 3,764,734. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $532.09 billion, a price-to-earnings ratio of 59.09, a P/E/G ratio of 2.28 and a beta of 1.59. The stock has a fifty day moving average of $1,226.71 and a 200-day moving average of $1,054.65.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly 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. The firm had revenue of $10.54 billion during 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 in the prior year, the business posted $8.28 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.