Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 771 shares of the Internet television network's stock after selling 294 shares during the period. Net Worth Advisory Group's holdings in Netflix were worth $719,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Capital & Planning LLC bought a new position in Netflix in the 4th quarter valued at about $809,000. Brighton Jones LLC increased its stake in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Netflix during the fourth quarter worth about $12,212,000. Revolve Wealth Partners LLC boosted its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC purchased a new stake in shares of Netflix during the 4th quarter valued at approximately $276,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.2%

Shares of NFLX traded down $2.88 on Friday, reaching $1,212.15. The stock had a trading volume of 2,209,188 shares, compared to its average volume of 3,761,170. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $515.86 billion, a price-to-earnings ratio of 61.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a 50-day simple moving average of $1,120.37 and a 200-day simple moving average of $1,000.10.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the company posted $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NFLX shares. Rosenblatt Securities increased their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Macquarie boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,156.73.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,140 shares of company stock worth $210,271,552 in the last 90 days. Corporate insiders own 1.37% of the company's stock.

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.