First Hawaiian Bank Trims Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

First Hawaiian Bank reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,651 shares of the Internet television network's stock after selling 1,947 shares during the quarter. First Hawaiian Bank's holdings in Netflix were worth $5,270,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Capital & Planning LLC purchased a new stake in Netflix in the 4th quarter valued at $809,000. Brighton Jones LLC grew its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Netflix in the 4th quarter valued at $12,212,000. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares in the last quarter. Finally, BSW Wealth Partners grew its holdings in Netflix by 6.5% in the 4th quarter. BSW Wealth Partners now owns 1,562 shares of the Internet television network's stock valued at $1,392,000 after buying an additional 96 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Up 1.5%

NFLX stock traded up $17.26 during trading on Friday, hitting $1,202.12. 4,686,095 shares of the company's stock were exchanged, compared to its average volume of 3,758,665. The business has a 50-day moving average price of $1,059.27 and a two-hundred day moving average price of $974.30. The stock has a market capitalization of $511.59 billion, a price-to-earnings ratio of 60.62, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,215.91. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the business earned $8.28 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 640 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total transaction of $764,652.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,027 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total value of $2,313,840.77. Following the completion of the sale, the chief executive officer now owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. This represents a 13.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,348 shares of company stock worth $139,087,908 over the last 90 days. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Cfra Research upgraded Netflix to a "strong-buy" rating in a report on Monday, April 28th. Barclays increased their price target on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Monday, March 24th. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,122.33.

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.