Netflix, Inc. (NASDAQ:NFLX) Stake Lowered by Robbins Farley

Robbins Farley reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,012 shares of the Internet television network's stock after selling 527 shares during the period. Netflix comprises approximately 2.5% of Robbins Farley's holdings, making the stock its 17th biggest position. Robbins Farley's holdings in Netflix were worth $4,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth about $27,000. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC acquired a new position in Netflix during the fourth quarter worth $32,000. Copia Wealth Management bought a new position in Netflix during the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. boosted 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 acquiring an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,027 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the transaction, the chief executive officer now directly owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. This represents a 13.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. BMO Capital Markets reissued an "outperform" rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Macquarie raised their target price 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. Finally, Canaccord Genuity Group boosted their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Trading Down 0.2%

Shares of Netflix stock traded down $2.88 on Friday, hitting $1,212.15. The stock had a trading volume of 2,209,188 shares, compared to its average volume of 3,761,170. The stock has a market cap of $515.86 billion, a price-to-earnings ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59. The stock's 50-day simple moving average is $1,120.37 and its two-hundred day simple moving average is $1,000.10. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Netflix 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.