Stephens Inc. AR Sells 2,251 Shares of Netflix, Inc. (NASDAQ:NFLX)

Stephens Inc. AR decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,376 shares of the Internet television network's stock after selling 2,251 shares during the quarter. Stephens Inc. AR's holdings in Netflix were worth $19,001,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the 4th quarter worth about $27,000. Transce3nd LLC bought a new position in shares of Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new stake in shares of Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NFLX shares. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Piper Sandler raised their target price on shares of Netflix from $1,150.00 to $1,400.00 and gave the company an "overweight" rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,220.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Friday. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Bank of America upped their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,214.52.

Netflix Price Performance

NFLX stock traded down $5.48 during mid-day trading on Friday, hitting $1,245.11. The stock had a trading volume of 3,948,915 shares, compared to its average volume of 3,768,095. The firm has a fifty day simple moving average of $1,221.70 and a 200 day simple moving average of $1,049.85. The firm has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.26 and a beta of 1.59. The company has a current ratio of 1.20, 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 results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The company 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 last year, the company posted $8.28 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 620 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total value of $797,840.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock worth $223,307,201 in the last ninety days. Insiders own 1.37% of the company's stock.

About Netflix

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.