GAM Holding AG Trims Position in Netflix, Inc. (NASDAQ:NFLX)

GAM Holding AG decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,319 shares of the Internet television network's stock after selling 899 shares during the quarter. Netflix makes up 1.6% of GAM Holding AG's portfolio, making the stock its 12th largest position. GAM Holding AG's holdings in Netflix were worth $20,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Perfromance Wealth Partners LLC grew its position in shares of Netflix by 10.0% during the 1st quarter. Perfromance Wealth Partners LLC now owns 275 shares of the Internet television network's stock worth $256,000 after buying an additional 25 shares in the last quarter. Mizuho Securities Co. Ltd. lifted its stake in Netflix by 283.3% in the first quarter. Mizuho Securities Co. Ltd. now owns 230 shares of the Internet television network's stock worth $214,000 after acquiring an additional 170 shares during the period. Jamison Private Wealth Management Inc. lifted its stake in Netflix by 0.7% in the first quarter. Jamison Private Wealth Management Inc. now owns 3,549 shares of the Internet television network's stock worth $3,310,000 after acquiring an additional 25 shares during the period. Rockline Wealth Management LLC grew its holdings in Netflix by 5.0% during the 1st quarter. Rockline Wealth Management LLC now owns 4,037 shares of the Internet television network's stock worth $3,764,000 after acquiring an additional 193 shares in the last quarter. Finally, Congress Park Capital LLC increased its position in Netflix by 12.0% during the 1st quarter. Congress Park Capital LLC now owns 1,452 shares of the Internet television network's stock valued at $1,354,000 after purchasing an additional 156 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director now owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock valued at $210,271,552 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Up 0.8%

Netflix stock opened at $1,231.49 on Friday. The firm has a market cap of $524.09 billion, a PE ratio of 58.20, a P/E/G ratio of 2.36 and a beta of 1.59. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The stock's 50 day simple moving average is $1,150.80 and its two-hundred day simple moving average is $1,010.84. 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 announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the prior year, the firm posted $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NFLX shares. Wells Fargo & Company upped their price target on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday. Wedbush reissued an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Rosenblatt Securities increased their target price on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Bank of America lifted their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,172.73.

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.

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