Netflix, Inc. (NASDAQ:NFLX) Holdings Trimmed by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,027 shares of the Internet television network's stock after selling 489 shares during the period. Netflix comprises approximately 0.4% of CHURCHILL MANAGEMENT Corp's holdings, making the stock its 24th biggest holding. CHURCHILL MANAGEMENT Corp's holdings in Netflix were worth $30,798,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC grew its position in shares of Netflix by 100.0% during 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 in the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter valued at $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter worth $32,000. Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position 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 worth $41,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Rosenblatt Securities increased their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Barclays raised their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,172.73.

Netflix Stock Performance

Netflix stock traded down $45.53 during mid-day trading on Tuesday, hitting $1,293.60. 4,989,809 shares of the company's stock traded hands, compared to its average volume of 3,750,394. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,342.50. The firm has a 50 day moving average price of $1,190.27 and a 200 day moving average price of $1,027.81. The company has a market cap of $550.52 billion, a PE ratio of 61.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 26,977 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director owned 7,969 shares in the company, valued at $8,959,227.94. This represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,319 shares of company stock worth $184,842,109 over the last ninety days. Insiders own 1.37% of the company's stock.

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.