Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 613 shares of the Internet television network's stock after selling 225 shares during the quarter. Atlas Private Wealth Advisors' holdings in Netflix were worth $572,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC purchased a new position in Netflix in the fourth quarter valued at approximately $32,000. Copia Wealth Management purchased a new position in shares of Netflix during the fourth quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. grew its position 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 worth $41,000 after acquiring an additional 45 shares during the last quarter. Finally, NewSquare Capital LLC grew its position in shares of Netflix by 120.0% during the fourth quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network's stock worth $49,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.2%

NASDAQ NFLX traded down $2.88 during trading hours on Friday, reaching $1,212.15. 2,209,188 shares of the company traded hands, compared to its average volume of 3,761,170. The company has a 50 day moving average of $1,120.37 and a two-hundred day moving average of $1,000.10. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The stock has a market capitalization of $515.86 billion, a PE ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the firm posted $8.28 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 1,090 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the 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 completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFLX shares. Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Wedbush restated an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Jefferies Financial Group lifted their target price on shares of Netflix from $1,200.00 to $1,400.00 and gave the company 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 issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

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.