E. Ohman J or Asset Management AB Sells 745 Shares of Netflix, Inc. (NASDAQ:NFLX)

E. Ohman J or Asset Management AB cut its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,535 shares of the Internet television network's stock after selling 745 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Netflix were worth $5,162,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Ullmann Wealth Partners Group LLC boosted its stake in Netflix by 8.7% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 389 shares of the Internet television network's stock valued at $363,000 after purchasing an additional 31 shares during the period. Foster Group Inc. boosted its stake in Netflix by 26.3% in the 1st quarter. Foster Group Inc. now owns 658 shares of the Internet television network's stock valued at $614,000 after purchasing an additional 137 shares during the period. Vest Financial LLC boosted its stake in Netflix by 70.7% in the 1st quarter. Vest Financial LLC now owns 3,365 shares of the Internet television network's stock valued at $3,138,000 after purchasing an additional 1,394 shares during the period. Annex Advisory Services LLC boosted its stake in Netflix by 15.4% in the 1st quarter. Annex Advisory Services LLC now owns 781 shares of the Internet television network's stock valued at $728,000 after purchasing an additional 104 shares during the period. Finally, Breakwater Capital Group boosted its stake in Netflix by 7.7% in the 1st quarter. Breakwater Capital Group now owns 589 shares of the Internet television network's stock valued at $549,000 after purchasing an additional 42 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 1,090 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,390 shares of company stock worth $170,509,439. Insiders own 1.37% of the company's stock.

Netflix Trading Down 0.7%

Shares of NASDAQ NFLX traded down $9.05 during trading on Friday, reaching $1,241.47. The company had a trading volume of 2,554,452 shares, compared to its average volume of 3,750,050. The company's fifty day moving average price is $1,087.80 and its 200-day moving average price is $987.81. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The stock has a market cap of $528.33 billion, a P/E ratio of 62.61, a PEG 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 released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on NFLX. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Wedbush reaffirmed an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,149.91.

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.