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

Cwm LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,004 shares of the Internet television network's stock after selling 3,678 shares during the quarter. Cwm LLC's holdings in Netflix were worth $38,237,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NFLX. Brighton Jones LLC grew its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake 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 period. BIP Wealth LLC lifted its stake in shares of Netflix by 23.8% during the 4th quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares during the period. Proficio Capital Partners LLC raised its position in shares of Netflix by 39.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock worth $1,926,000 after buying an additional 607 shares during the period. Finally, Parnassus Investments LLC raised its position in shares of Netflix by 8.7% in the 4th quarter. Parnassus Investments LLC now owns 1,234 shares of the Internet television network's stock worth $1,100,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,245.11 on Friday. The stock has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.26 and a beta of 1.59. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,341.15. The business's fifty day moving average is $1,221.70 and its two-hundred day moving average is $1,049.85. 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 (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, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the company earned $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director directly owned 7,969 shares of the company's stock, valued at $8,959,227.94. The trade was a 32.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the business's stock in a transaction on 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 sale, the director directly owned 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock worth $223,307,201 over the last three months. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. KeyCorp increased their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Netflix from $1,220.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Macquarie increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,214.52.

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.

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