Netflix, Inc. (NASDAQ:NFLX) Position Cut by Sicart Associates LLC

Sicart Associates LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,347 shares of the Internet television network's stock after selling 865 shares during the period. Netflix makes up about 5.5% of Sicart Associates LLC's portfolio, making the stock its 2nd biggest position. Sicart Associates LLC's holdings in Netflix were worth $16,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Guardian Asset Advisors LLC lifted its holdings in shares of Netflix by 2.2% in the 1st quarter. Guardian Asset Advisors LLC now owns 895 shares of the Internet television network's stock worth $835,000 after acquiring an additional 19 shares during the last quarter. Capital Advisors Wealth Management LLC grew its holdings in Netflix by 171.2% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 941 shares of the Internet television network's stock valued at $878,000 after purchasing an additional 594 shares during the last quarter. CFM Wealth Partners LLC raised its position in Netflix by 3.3% in the 1st quarter. CFM Wealth Partners LLC now owns 5,281 shares of the Internet television network's stock worth $4,925,000 after purchasing an additional 167 shares during the period. Colonial River Investments LLC raised its position in Netflix by 13.4% in the 1st quarter. Colonial River Investments LLC now owns 2,203 shares of the Internet television network's stock worth $2,054,000 after purchasing an additional 260 shares during the period. Finally, Clarus Group Inc. lifted its stake in Netflix by 3.3% in the first quarter. Clarus Group Inc. now owns 565 shares of the Internet television network's stock worth $527,000 after purchasing an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. Citigroup reaffirmed a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Finally, Jefferies Financial Group upped their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,172.73.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was 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 owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,280 shares of company stock worth $210,599,866. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

NFLX stock opened at $1,323.12 on Friday. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,331.35. The firm has a market cap of $563.08 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.56 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a 50-day simple moving average of $1,183.25 and a two-hundred day simple moving average of $1,024.18.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results 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. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the company posted $8.28 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.

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