Lbp Am Sa Sells 526 Shares of Netflix, Inc. (NASDAQ:NFLX)

LBP AM SA decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,707 shares of the Internet television network's stock after selling 526 shares during the quarter. LBP AM SA's holdings in Netflix were worth $15,580,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Vanguard Group Inc. lifted its stake 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 during the period. FMR LLC grew its position in 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 period. Geode Capital Management LLC increased its holdings in Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after buying an additional 175,596 shares during the last quarter. GAMMA Investing LLC raised its position in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Finally, Norges Bank purchased a new position in shares of Netflix during the 4th quarter worth $5,019,087,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NFLX shares. Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Macquarie boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Robert W. Baird raised their price objective on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. The Goldman Sachs Group boosted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. One research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,195.30.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 16,840 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,295.78, for a total transaction of $21,820,935.20. Following the completion of the sale, the director directly owned 10,067 shares of the company's stock, valued at approximately $13,044,617.26. The trade was a 62.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 2.9%

NFLX stock traded down $36.76 during midday trading on Thursday, reaching $1,251.53. 2,268,943 shares of the company traded hands, compared to its average volume of 4,254,836. The firm has a market capitalization of $532.61 billion, a price-to-earnings ratio of 59.21, a P/E/G ratio of 2.32 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 business has a 50 day moving average of $1,217.58 and a 200-day moving average of $1,044.54. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The company 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 quarter in the prior year, the firm posted $8.28 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.