Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,179,614.58. This trade represents a 41.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the sale, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is owned by company insiders.

Netflix Price Performance

NASDAQ:NFLX traded down $14.31 during trading hours on Tuesday, hitting $1,275.31. The company's stock had a trading volume of 3,281,114 shares, compared to its average volume of 3,765,566. The business's 50-day moving average is $1,211.46 and its two-hundred day moving average is $1,041.22. The company has a market capitalization of $542.73 billion, a PE ratio of 60.27, a PEG ratio of 2.34 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period last year, the company earned $8.28 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on NFLX shares. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday. Evercore ISI reissued an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Jefferies Financial Group raised their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Canaccord Genuity Group raised their price objective on shares of Netflix from $1,380.00 to $1,525.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Oppenheimer raised their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,182.58.

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.