Capital Advisory Group Advisory Services LLC Sells 295 Shares of Netflix, Inc. (NASDAQ:NFLX)

Capital Advisory Group Advisory Services LLC cut its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,348 shares of the Internet television network's stock after selling 295 shares during the quarter. Capital Advisory Group Advisory Services LLC's holdings in Netflix were worth $1,257,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. McKinley Carter Wealth Services Inc. increased its position in Netflix by 7.8% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 9,607 shares of the Internet television network's stock valued at $8,959,000 after acquiring an additional 699 shares during the period. Trinity Financial Advisors LLC grew its holdings in shares of Netflix by 614.1% in the 1st quarter. Trinity Financial Advisors LLC now owns 2,278 shares of the Internet television network's stock worth $2,124,000 after acquiring an additional 1,959 shares during the period. Transform Wealth LLC increased its position in shares of Netflix by 61.0% in the first quarter. Transform Wealth LLC now owns 14,597 shares of the Internet television network's stock valued at $13,612,000 after buying an additional 5,528 shares in the last quarter. Focus Financial Network Inc. grew its position in shares of Netflix by 4.3% in the first quarter. Focus Financial Network Inc. now owns 2,734 shares of the Internet television network's stock valued at $2,550,000 after purchasing an additional 113 shares during the last quarter. Finally, Donaldson Capital Management LLC grew its holdings in Netflix by 1.3% during the 1st quarter. Donaldson Capital Management LLC now owns 3,897 shares of the Internet television network's stock valued at $3,634,000 after buying an additional 51 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NFLX shares. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. KeyCorp increased their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Canaccord Genuity Group upped their target price on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Cfra Research raised shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Eleven equities research 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 company. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,156.73.

Insider Activity at Netflix

In related news, Director Ann Mather sold 1,090 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 640 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $1,097.04, for a total transaction of $702,105.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,140 shares of company stock valued at $210,271,552. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $1.03 during trading hours on Thursday, hitting $1,218.85. 943,467 shares of the company's stock traded hands, compared to its average volume of 3,751,573. The company has a market cap of $518.71 billion, a price-to-earnings ratio of 61.46, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company's fifty day simple moving average is $1,106.59 and its two-hundred day simple moving average is $994.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the business posted $8.28 EPS. As a group, equities analysts anticipate 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.