Lbp Am Sa Has $15.58 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

LBP AM SA lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,707 shares of the Internet television network's stock after selling 526 shares during the period. LBP AM SA's holdings in Netflix were worth $15,580,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Axxcess Wealth Management LLC raised its holdings in Netflix by 3.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 26,197 shares of the Internet television network's stock worth $24,336,000 after acquiring an additional 801 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of Netflix by 151.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 314 shares of the Internet television network's stock worth $293,000 after purchasing an additional 189 shares during the period. Principal Securities Inc. grew its position in Netflix by 0.8% during the first quarter. Principal Securities Inc. now owns 8,407 shares of the Internet television network's stock worth $7,493,000 after buying an additional 65 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Netflix by 1.4% in the first quarter. Linden Thomas Advisory Services LLC now owns 6,431 shares of the Internet television network's stock valued at $5,997,000 after purchasing an additional 88 shares in the last quarter. Finally, Optimum Investment Advisors boosted its stake in Netflix by 17.8% during the first quarter. Optimum Investment Advisors now owns 926 shares of the Internet television network's stock worth $864,000 after buying an additional 140 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity

In other Netflix news, Director Reed Hastings sold 9,673 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $523,669.34. This represents a 96.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 1,090 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. 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 insiders.

Netflix Stock Performance

Netflix stock traded down $5.48 during trading hours on Friday, hitting $1,245.11. The company had a trading volume of 3,948,915 shares, compared to its average volume of 3,771,773. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The firm has a market cap of $529.88 billion, a PE ratio of 58.84, a PEG ratio of 2.34 and a beta of 1.59. The firm has a 50-day moving average of $1,219.93 and a 200 day moving average of $1,046.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick 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 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the firm earned $8.28 earnings per share. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Macquarie raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Morgan Stanley boosted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Needham & Company LLC upped their target price on shares of Netflix from $1,126.00 to $1,500.00 and gave the company a "buy" rating in a research report on Friday. Oppenheimer boosted their price target 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. Finally, Piper Sandler increased their target price on Netflix from $1,150.00 to $1,400.00 and gave the company an "overweight" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,214.52.

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.