Impax Asset Management Group plc Sells 1,360 Shares of Netflix, Inc. (NASDAQ:NFLX)

Impax Asset Management Group plc trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,262 shares of the Internet television network's stock after selling 1,360 shares during the quarter. Impax Asset Management Group plc's holdings in Netflix were worth $11,435,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NFLX. Janus Henderson Group PLC lifted its holdings in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares during the period. PharVision Advisers LLC bought a new stake in Netflix during the fourth quarter worth about $873,000. New England Research & Management Inc. increased its stake in Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares during the period. First National Trust Co lifted its holdings in Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after buying an additional 12 shares during the period. Finally, Xcel Wealth Management LLC boosted its stake in Netflix by 15.2% during the 1st quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock valued at $459,000 after purchasing an additional 65 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $8.39 during midday trading on Wednesday, reaching $1,283.70. 1,509,093 shares of the stock were exchanged, compared to its average volume of 3,759,972. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a 50-day simple moving average of $1,214.45 and a two-hundred day simple moving average of $1,042.85. The firm has a market cap of $546.30 billion, a price-to-earnings ratio of 60.67, a PEG ratio of 2.34 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter last year, the firm posted $8.28 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Wedbush reissued an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Moffett Nathanson restated a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,185.61.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the transaction, the director directly owned 79,040 shares in the company, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at approximately $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by company insiders.

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.