GFG Capital LLC Has $12.33 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

GFG Capital LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,217 shares of the Internet television network's stock after selling 4,797 shares during the period. Netflix makes up approximately 3.6% of GFG Capital LLC's holdings, making the stock its 4th biggest position. GFG Capital LLC's holdings in Netflix were worth $12,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC boosted its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter worth $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter worth $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Netflix stock traded down $5.48 during mid-day trading on Friday, hitting $1,245.11. 3,948,915 shares of the company were exchanged, compared to its average volume of 3,771,765. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The business's 50 day simple moving average is $1,219.93 and its two-hundred day simple moving average is $1,046.88. The company has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a PEG ratio of 2.34 and a beta of 1.59. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the business earned $8.28 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Needham & Company LLC lifted their target price on Netflix from $1,126.00 to $1,500.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group boosted their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company upped their price target on Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. One investment 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average price target of $1,214.52.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,090 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock valued at $223,307,201 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

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.