Consolidated Portfolio Review Corp Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Consolidated Portfolio Review Corp reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,482 shares of the Internet television network's stock after selling 654 shares during the period. Consolidated Portfolio Review Corp's holdings in Netflix were worth $2,315,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter valued at $27,000. Transce3nd LLC purchased a new stake in Netflix during the 4th quarter worth about $32,000. Copia Wealth Management purchased a new stake in Netflix during the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in 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 period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Up 1.8%

Shares of NASDAQ NFLX opened at $1,253.54 on Tuesday. The firm's fifty day moving average is $1,157.24 and its 200 day moving average is $1,014.42. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a market cap of $533.47 billion, a price-to-earnings ratio of 59.24, a PEG ratio of 2.38 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating 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 net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the previous year, the company earned $8.28 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Pivotal Research raised their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a report on Friday. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Robert W. Baird increased their price objective on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,172.73.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,090 shares of the business's stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 184,660 shares of company stock valued at $209,802,025 in the last 90 days. Insiders own 1.37% of the company's stock.

Netflix Company 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.