Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,221 shares of the Internet television network's stock after selling 308 shares during the period. Greenwood Capital Associates LLC's holdings in Netflix were worth $4,869,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NFLX. Vanguard Group Inc. increased its holdings in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC boosted its position in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after buying an additional 375,234 shares during the last quarter. Geode Capital Management LLC raised its position in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC lifted its stake in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Finally, Norges Bank purchased a new stake in shares of Netflix during the 4th quarter valued at about $5,019,087,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of several research reports. FBN Securities initiated coverage on shares of Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price objective for the company. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Canaccord Genuity Group boosted their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Cfra Research raised shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Eleven investment 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Trading Down 0.4%

NFLX stock traded down $4.85 during mid-day trading on Thursday, reaching $1,215.03. 2,079,198 shares of the stock traded hands, compared to its average volume of 3,762,526. The business has a 50-day moving average price of $1,106.59 and a two-hundred day moving average price of $994.50. The stock has a market capitalization of $517.08 billion, a PE ratio of 61.27, a PEG ratio of 2.12 and a beta of 1.59. 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 one year low of $587.04 and a one year high of $1,262.81.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the business posted $8.28 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock worth $210,271,552 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

About Netflix

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.