Netflix, Inc. (NASDAQ:NFLX) Shares Sold by First Pacific Advisors LP

First Pacific Advisors LP lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,340 shares of the Internet television network's stock after selling 459 shares during the period. First Pacific Advisors LP's holdings in Netflix were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC increased its stake in 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 buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC purchased a new stake in Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management purchased a new stake in Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Up 0.3%

NASDAQ:NFLX traded up $3.98 during trading hours on Thursday, hitting $1,180.76. The company's stock had a trading volume of 3,837,986 shares, compared to its average volume of 3,866,021. The stock has a market capitalization of $501.74 billion, a P/E ratio of 50.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.59. The stock has a fifty day moving average of $1,236.66 and a 200-day moving average of $1,069.32. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.88 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director owned 79,040 shares of the company's stock, valued at $87,099,708.80. This trade represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director directly owned 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,563 shares of company stock worth $223,147,201. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NFLX shares. Cfra Research upgraded Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Wells Fargo & Company upped their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. TD Cowen upped their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Finally, FBN Securities began coverage on Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Company 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.