Netflix, Inc. (NASDAQ:NFLX) Position Trimmed by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 861 shares of the Internet television network's stock after selling 202 shares during the quarter. CHICAGO TRUST Co NA's holdings in Netflix were worth $803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the 4th quarter valued at approximately $32,000. Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares in the last quarter. Finally, Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.7%

Shares of NFLX stock opened at $1,241.47 on Monday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm has a market cap of $528.33 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The stock has a 50 day moving average of $1,087.80 and a 200-day moving average of $989.18. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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 business 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 period in the prior year, the company posted $8.28 earnings per share. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In related news, Director Ann Mather sold 1,090 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now owns 394 shares of the company's stock, valued at $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,390 shares of company stock worth $170,509,439. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Bank of America boosted their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Robert W. Baird upped their target price on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,149.91.

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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