Netflix, Inc. (NASDAQ:NFLX) is Los Angeles Capital Management LLC's 7th Largest Position

Los Angeles Capital Management LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573,890 shares of the Internet television network's stock after selling 9,388 shares during the period. Netflix comprises 2.4% of Los Angeles Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Los Angeles Capital Management LLC owned approximately 0.13% of Netflix worth $535,170,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NFLX. Resurgent Financial Advisors LLC grew its holdings in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix during the fourth quarter worth $873,000. New England Research & Management Inc. boosted its holdings in shares of Netflix by 148.5% during 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 purchasing an additional 1,268 shares during the last quarter. Finally, Xcel Wealth Management LLC boosted its holdings in shares of Netflix by 15.2% during the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock worth $459,000 after purchasing an additional 65 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at approximately $446,421.70. This represents a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,723 shares of company stock worth $223,307,201. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on NFLX. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Macquarie lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Sanford C. Bernstein lifted their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Jefferies Financial Group set a $1,500.00 price target on Netflix and gave the company a "buy" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,291.41.

Netflix Price Performance

NFLX stock traded down $64.93 during trading on Friday, reaching $1,209.24. 10,678,762 shares of the company were exchanged, compared to its average volume of 3,762,863. The company has a 50-day moving average of $1,232.59 and a two-hundred day moving average of $1,061.94. The company has a market capitalization of $514.62 billion, a price-to-earnings ratio of 51.52, a P/E/G ratio of 2.15 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.20.

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

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.