Deane Retirement Strategies Inc. Sells 1,705 Shares of Netflix, Inc. (NASDAQ:NFLX)

Deane Retirement Strategies Inc. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,431 shares of the Internet television network's stock after selling 1,705 shares during the period. Netflix accounts for 1.5% of Deane Retirement Strategies Inc.'s portfolio, making the stock its 23rd largest position. Deane Retirement Strategies Inc.'s holdings in Netflix were worth $3,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in Netflix in the fourth quarter worth approximately $32,000. Pineridge Advisors LLC boosted its holdings in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Copia Wealth Management purchased a new stake in Netflix in the fourth quarter worth approximately $37,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the transaction, the director now directly owns 394 shares of the company's stock, valued at approximately $477,394.04. The trade was a 98.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction dated Thursday, June 5th. The stock was 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. In the last ninety days, insiders sold 153,390 shares of company stock valued at $170,509,439. Company insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,241.47 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $528.33 billion, a P/E ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59. The firm's fifty day moving average is $1,087.80 and its two-hundred day moving average is $989.18. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the company posted $8.28 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of several research reports. Bank of America raised their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Barclays raised their target price on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Guggenheim restated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a 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. Finally, Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,149.91.

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.

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