Capital & Planning LLC Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Capital & Planning LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 605 shares of the Internet television network's stock after selling 303 shares during the quarter. Capital & Planning LLC's holdings in Netflix were worth $564,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after acquiring an additional 110,432 shares during the period. PharVision Advisers LLC bought a new stake in shares of Netflix during the fourth quarter valued at about $873,000. New England Research & Management Inc. lifted its holdings in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after buying an additional 1,268 shares in the last quarter. First National Trust Co boosted its position in shares of Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares during the period. Finally, Xcel Wealth Management LLC boosted its position in shares of Netflix by 15.2% in the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock valued at $459,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group increased their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Pivotal Research boosted their target price on Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Stock Performance

Shares of NFLX stock traded down $8.51 on Monday, reaching $1,288.67. The stock had a trading volume of 1,022,439 shares, compared to its average volume of 3,755,310. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The stock has a market cap of $548.42 billion, a P/E ratio of 60.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59. The company has a 50 day simple moving average of $1,207.87 and a 200 day simple moving average of $1,038.56.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the firm posted $8.28 earnings per share. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Director Strive Masiyiwa sold 290 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 9,673 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the sale, the director directly owned 394 shares in the company, valued at $523,669.34. This trade represents a 96.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

About Netflix

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.