Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,135 shares of the Internet television network's stock after selling 3,665 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Netflix were worth $52,348,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NFLX. West Michigan Advisors LLC lifted its holdings in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. raised its stake in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its stake in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC boosted its holdings in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its holdings in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on NFLX shares. Macquarie upped 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 objective on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Finally, Guggenheim reissued a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,156.73.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 1,358 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Netflix stock traded down $4.85 during midday trading on Thursday, reaching $1,215.03. The stock had a trading volume of 2,079,198 shares, compared to its average volume of 3,762,526. The firm's 50-day moving average price is $1,106.59 and its 200 day moving average price is $994.50. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm has a market capitalization of $517.08 billion, a PE ratio of 61.27, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly 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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the firm posted $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.