Hoey Investments Inc. Has $223,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hoey Investments Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 86.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239 shares of the Internet television network's stock after selling 1,500 shares during the period. Hoey Investments Inc.'s holdings in Netflix were worth $223,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new position in Netflix in the 4th quarter worth approximately $32,000. Copia Wealth Management acquired a new position in Netflix in the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. This trade represents a 41.34% 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 ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

NFLX traded down $2.88 during trading on Friday, hitting $1,212.15. The stock had a trading volume of 2,209,188 shares, compared to its average volume of 3,763,914. The firm has a market cap of $515.86 billion, a PE ratio of 61.13, a P/E/G ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50 day simple moving average of $1,120.37 and a 200-day simple moving average of $999.25.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the firm posted $8.28 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. Rosenblatt Securities lifted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Canaccord Genuity Group lifted their target price on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group lifted their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.