GSA Capital Partners LLP Has $587,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

GSA Capital Partners LLP cut its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 67.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 630 shares of the Internet television network's stock after selling 1,278 shares during the quarter. GSA Capital Partners LLP's holdings in Netflix were worth $587,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new position in shares of Netflix in the fourth quarter valued at approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix in the first quarter valued at approximately $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on 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 transaction, the director owned 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,027 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,589,639.31. This trade represents a 13.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,830 shares of company stock worth $153,102,930 over the last ninety days. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Guggenheim reiterated a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Macquarie lifted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. TD Cowen lifted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company lifted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Stock Performance

Shares of Netflix stock opened at $1,158.60 on Monday. The firm has a fifty day moving average of $1,234.32 and a two-hundred day moving average of $1,085.67. The stock has a market capitalization of $492.32 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 1.95 and a beta of 1.59. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.88 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

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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