Garde Capital Inc. Sells 275 Shares of Netflix, Inc. (NASDAQ:NFLX)

Garde Capital Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 866 shares of the Internet television network's stock after selling 275 shares during the quarter. Garde Capital Inc.'s holdings in Netflix were worth $772,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the fourth quarter worth about $27,000. Transce3nd LLC bought a new position in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC acquired a new position in Netflix in the fourth quarter worth about $34,000. Finally, Pineridge Advisors LLC increased 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 valued at $37,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 2.2%

NASDAQ:NFLX traded up $26.18 during trading hours on Tuesday, hitting $1,211.57. 2,916,636 shares of the company's stock traded hands, compared to its average volume of 3,754,011. The stock's fifty day moving average price is $1,040.74 and its two-hundred day moving average price is $965.67. The firm has a market cap of $515.61 billion, a P/E ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.79.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for 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 posted $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NFLX shares. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Macquarie increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Needham & Company LLC restated a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,868 shares of company stock worth $138,483,256. 1.37% of the stock is currently owned by company insiders.

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.