Netflix, Inc. (NASDAQ:NFLX) Holdings Trimmed by Bluesphere Advisors LLC

Bluesphere Advisors LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 66.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,575 shares of the Internet television network's stock after selling 3,081 shares during the quarter. Netflix accounts for 0.8% of Bluesphere Advisors LLC's investment portfolio, making the stock its 19th biggest holding. Bluesphere Advisors LLC's holdings in Netflix were worth $1,469,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NFLX. G2 Capital Management LLC OH boosted its holdings in shares of Netflix by 1.4% during the first quarter. G2 Capital Management LLC OH now owns 1,016 shares of the Internet television network's stock worth $947,000 after purchasing an additional 14 shares during the period. Sava Infond d.o.o. lifted its position in Netflix by 121.3% in the 1st quarter. Sava Infond d.o.o. now owns 1,195 shares of the Internet television network's stock worth $1,114,000 after buying an additional 655 shares in the last quarter. Ledyard National Bank boosted its stake in shares of Netflix by 4.7% during the 1st quarter. Ledyard National Bank now owns 268 shares of the Internet television network's stock valued at $250,000 after buying an additional 12 shares during the period. YHB Investment Advisors Inc. grew its holdings in shares of Netflix by 0.9% during the 1st quarter. YHB Investment Advisors Inc. now owns 5,083 shares of the Internet television network's stock valued at $4,740,000 after acquiring an additional 45 shares in the last quarter. Finally, Embree Financial Group increased its stake in shares of Netflix by 45.0% in the first quarter. Embree Financial Group now owns 732 shares of the Internet television network's stock worth $683,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock opened at $1,253.54 on Tuesday. The firm has a market cap of $533.47 billion, a P/E ratio of 59.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.59. The firm's 50-day simple moving average is $1,157.24 and its 200-day simple moving average is $1,014.42. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. 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 announced 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 firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter last year, the company earned $8.28 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director now directly owns 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,660 shares of company stock worth $209,802,025 in the last 90 days. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Piper Sandler set a $1,150.00 target price on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Rosenblatt Securities increased their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Macquarie lifted 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 note on Monday, April 21st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,172.73.

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.

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