Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Aljian Capital Management LLC

Aljian Capital Management LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,842 shares of the Internet television network's stock after selling 1,045 shares during the period. Netflix comprises about 2.0% of Aljian Capital Management LLC's holdings, making the stock its 10th biggest position. Aljian Capital Management LLC's holdings in Netflix were worth $8,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the last quarter. Flputnam Investment Management Co. raised its position in shares of Netflix by 11.0% during the 4th quarter. Flputnam Investment Management Co. now owns 13,468 shares of the Internet television network's stock worth $12,004,000 after purchasing an additional 1,335 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $14,407,000. Finally, Maple Capital Management Inc. raised its position in shares of Netflix by 3.7% during the 4th quarter. Maple Capital Management Inc. now owns 10,713 shares of the Internet television network's stock worth $9,549,000 after purchasing an additional 384 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,323.12 on Friday. 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 firm has a 50-day moving average of $1,183.25 and a two-hundred day moving average of $1,024.18. The stock has a market cap of $563.08 billion, a P/E ratio of 62.53, a PEG ratio of 2.56 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,331.35.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share 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 period in the prior year, the company posted $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director now owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,280 shares of company stock valued at $210,599,866 in the last ninety days. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NFLX shares. Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Rosenblatt Securities boosted their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Eleven investment 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 company. According to data from MarketBeat, the company presently has a consensus 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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