Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,044 shares of the Internet television network's stock after selling 310 shares during the quarter. Stableford Capital II LLC's holdings in Netflix were worth $1,016,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital & Planning LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $809,000. Brighton Jones LLC lifted its holdings in shares of 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 period. Union Bancaire Privee UBP SA acquired a new stake in shares of Netflix in the fourth quarter valued at $12,212,000. Revolve Wealth Partners LLC lifted its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of Netflix by 29.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 439 shares of the Internet television network's stock valued at $392,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director now owns 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,140 shares of company stock valued at $210,271,552. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. KeyCorp boosted their target price on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $1,220.00 target price (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Finally, Robert W. Baird boosted their target price on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Stock Performance

Shares of NFLX stock opened at $1,222.29 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The stock's 50-day moving average is $1,144.53 and its two-hundred day moving average is $1,008.57. The firm has a market cap of $520.17 billion, a P/E ratio of 57.76, a PEG ratio of 2.36 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates 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 firm posted $8.28 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.

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