Talbot Financial LLC Has $14.37 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Talbot Financial LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,406 shares of the Internet television network's stock after selling 314 shares during the quarter. Netflix comprises approximately 1.8% of Talbot Financial LLC's holdings, making the stock its 20th largest holding. Talbot Financial LLC's holdings in Netflix were worth $14,367,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% during 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 in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix in the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in Netflix in the fourth quarter valued at $32,000. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth $34,000. Finally, Pineridge Advisors LLC lifted its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NFLX shares. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Macquarie lifted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Bank of America raised their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,149.91.

Netflix Stock Up 1.9%

Shares of NFLX stock traded up $22.80 during trading on Wednesday, reaching $1,240.74. The company's stock had a trading volume of 1,394,557 shares, compared to its average volume of 3,742,659. The company has a market cap of $528.02 billion, a price-to-earnings ratio of 62.57, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The business has a fifty day moving average price of $1,069.06 and a 200-day moving average price of $980.69. 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, Inc. has a one year low of $587.04 and a one year high of $1,242.58.

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