Global Trust Asset Management LLC Has $35,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Global Trust Asset Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 94.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37 shares of the Internet television network's stock after selling 691 shares during the quarter. Global Trust Asset Management LLC's holdings in Netflix were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PKO Investment Management Joint Stock Co boosted its position in Netflix by 290.0% in the 1st quarter. PKO Investment Management Joint Stock Co now owns 7,800 shares of the Internet television network's stock valued at $7,274,000 after buying an additional 5,800 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Netflix by 46.4% during the first quarter. Rakuten Securities Inc. now owns 1,626 shares of the Internet television network's stock worth $1,516,000 after acquiring an additional 515 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of Netflix by 9.0% during the first quarter. Insigneo Advisory Services LLC now owns 7,526 shares of the Internet television network's stock valued at $7,018,000 after acquiring an additional 624 shares during the period. Pacific Capital Wealth Advisors Inc. boosted its holdings in Netflix by 6.7% in the first quarter. Pacific Capital Wealth Advisors Inc. now owns 368 shares of the Internet television network's stock valued at $343,000 after acquiring an additional 23 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director now owns 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 over the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

NFLX opened at $1,220.67 on Wednesday. The business's 50-day moving average price is $1,132.97 and its two-hundred day moving average price is $1,004.83. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,262.81. The company has a market capitalization of $519.48 billion, a price-to-earnings ratio of 57.69, a P/E/G ratio of 2.37 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period last year, the company earned $8.28 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NFLX. Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given 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 an average price target of $1,156.73.

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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