Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Talbot Financial LLC

Talbot Financial LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,406 shares of the Internet television network's stock after selling 314 shares during the quarter. Netflix accounts for 1.8% of Talbot Financial LLC's portfolio, making the stock its 20th largest position. Talbot Financial LLC's holdings in Netflix were worth $14,367,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NFLX. Capital & Planning LLC bought a new position in Netflix during the 4th quarter worth approximately $809,000. Brighton Jones LLC raised its holdings in Netflix by 5.0% during the 4th 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 last quarter. Union Bancaire Privee UBP SA purchased a new stake in Netflix during the 4th quarter valued at $12,212,000. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the last quarter. Finally, Foster & Motley Inc. purchased a new position in shares of Netflix in the fourth quarter valued at about $226,000. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. Canaccord Genuity Group raised their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. FBN Securities began coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Eleven investment 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,122.33.

Netflix Price Performance

NASDAQ NFLX traded up $11.75 during trading hours on Monday, hitting $1,218.98. 2,287,791 shares of the company's stock traded hands, compared to its average volume of 3,751,696. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,219.76. The company has a market capitalization of $518.76 billion, a PE ratio of 61.47, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm's 50-day moving average is $1,059.27 and its 200-day moving average is $976.26.

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

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's 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 completion of the transaction, the chief financial officer now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 100,262 shares of company stock valued at $106,599,765 in the last 90 days. Company 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.