Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Balefire LLC

Balefire LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 54.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 491 shares of the Internet television network's stock after selling 577 shares during the quarter. Balefire LLC's holdings in Netflix were worth $458,000 as of its most recent filing with the SEC.

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

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the sale, the insider now owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,660 shares of company stock valued at $209,802,025 in the last three months. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 2.5%

Shares of NASDAQ NFLX traded up $31.42 during trading on Thursday, hitting $1,306.67. 2,601,963 shares of the company traded hands, compared to its average volume of 3,738,504. The firm has a market capitalization of $556.08 billion, a P/E ratio of 61.75, a P/E/G ratio of 2.47 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $1,169.57 and a 200-day moving average price of $1,018.04. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,307.49.

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

Analyst Ratings Changes

NFLX has been the subject of several research reports. Robert W. Baird lifted their price target on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Pivotal Research increased their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Finally, Evercore ISI reissued an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.