Copperwynd Financial LLC Reduces Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Copperwynd Financial LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,416 shares of the Internet television network's stock after selling 734 shares during the period. Copperwynd Financial LLC's holdings in Netflix were worth $2,253,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in Netflix during the 4th quarter worth about $27,000. Transce3nd LLC bought a new stake in Netflix during the 4th quarter worth about $32,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings 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 valued at $41,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Citigroup reiterated a "neutral" rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Needham & Company LLC reiterated a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research note on Friday. Macquarie upped their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Finally, Guggenheim reaffirmed a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,291.41.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director owned 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated 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 completion of the sale, the director owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NFLX traded down $64.93 during trading hours on Friday, hitting $1,209.24. The company's stock had a trading volume of 10,678,762 shares, compared to its average volume of 3,762,863. The business's 50-day moving average price is $1,232.59 and its 200-day moving average price is $1,061.94. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The stock has a market cap of $514.62 billion, a price-to-earnings ratio of 51.52, a P/E/G ratio of 2.19 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 43.00%. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the business posted $4.88 earnings per share. The business's revenue was up 15.9% compared to the same quarter last year. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.