Clarius Group LLC Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Clarius Group LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,148 shares of the Internet television network's stock after selling 1,673 shares during the period. Clarius Group LLC's holdings in Netflix were worth $4,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NFLX. Capital & Planning LLC purchased a new position in shares of Netflix during the fourth quarter worth $809,000. Brighton Jones LLC raised its holdings in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Netflix in the fourth quarter valued at $12,212,000. Revolve Wealth Partners LLC increased its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in Netflix by 29.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 439 shares of the Internet television network's stock valued at $392,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NFLX. KeyCorp lifted their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Morgan Stanley lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. Canaccord Genuity Group lifted their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Insiders Place Their Bets

In other news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director now directly owns 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 over the last ninety days. Company insiders own 1.37% of the company's stock.

Netflix Trading Up 0.1%

NFLX stock traded up $1.62 during trading on Thursday, reaching $1,222.29. 2,277,207 shares of the stock were exchanged, compared to its average volume of 3,745,034. 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 business has a 50 day moving average price of $1,138.51 and a 200-day moving average price of $1,006.33. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. The firm has a market capitalization of $520.17 billion, a price-to-earnings ratio of 57.76, a P/E/G ratio of 2.36 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.