Generali Investments Management Co LLC Sells 3,667 Shares of Netflix, Inc. (NASDAQ:NFLX)

Generali Investments Management Co LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,804 shares of the Internet television network's stock after selling 3,667 shares during the quarter. Netflix makes up about 2.6% of Generali Investments Management Co LLC's investment portfolio, making the stock its 7th largest holding. Generali Investments Management Co LLC's holdings in Netflix were worth $9,143,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. Capital & Planning LLC bought a new stake in Netflix in the fourth quarter valued at $809,000. Brighton Jones LLC lifted its stake in Netflix by 5.0% in the fourth 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. Union Bancaire Privee UBP SA bought a new stake in Netflix in the fourth quarter valued at $12,212,000. Revolve Wealth Partners LLC increased its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the period. Finally, Sargent Investment Group LLC increased its holdings in shares of Netflix by 43.0% during the fourth quarter. Sargent Investment Group LLC now owns 429 shares of the Internet television network's stock valued at $360,000 after purchasing an additional 129 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 0.7%

Shares of NASDAQ:NFLX traded down $9.05 during midday trading on Friday, reaching $1,241.47. The company had a trading volume of 2,554,452 shares, compared to its average volume of 3,750,050. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The firm has a market cap of $528.33 billion, a price-to-earnings ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a fifty day simple moving average of $1,087.80 and a two-hundred day simple moving average of $987.81.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on NFLX shares. Barclays raised their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Canaccord Genuity Group raised their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Pivotal Research raised their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. Macquarie raised their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Finally, Rosenblatt Securities raised their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,149.91.

Insider Activity

In related news, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director now directly owns 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,390 shares of company stock worth $170,509,439 in the last three months. 1.37% of the stock is owned by insiders.

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.