GPS Wealth Strategies Group LLC Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

GPS Wealth Strategies Group LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,447 shares of the Internet television network's stock after selling 258 shares during the period. GPS Wealth Strategies Group LLC's holdings in Netflix were worth $3,214,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Capital & Planning LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $809,000. Brighton Jones LLC raised its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Netflix during the fourth quarter valued at approximately $12,212,000. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC acquired a new position in Netflix during the fourth quarter valued at approximately $276,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.4%

Shares of NFLX stock traded down $4.85 on Thursday, reaching $1,215.03. 2,079,198 shares of the company were exchanged, compared to its average volume of 3,762,526. The company has a market cap of $517.08 billion, a price-to-earnings ratio of 61.27, a PEG ratio of 2.12 and a beta of 1.59. The company has a 50-day moving average of $1,106.59 and a 200-day moving average of $994.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81.

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 analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the business posted $8.28 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the sale, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the sale, the director now owns 394 shares of the company's stock, valued at approximately $446,421.70. This trade represents a 98.56% 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 in the last quarter. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFLX. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Bank of America boosted their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Rosenblatt Securities boosted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Macquarie boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Finally, Canaccord Genuity Group upped their price target on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

Netflix Company 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.