Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Vivid Wealth Management LLC

Vivid Wealth Management LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,643 shares of the Internet television network's stock after selling 343 shares during the quarter. Netflix comprises 1.2% of Vivid Wealth Management LLC's portfolio, making the stock its 28th biggest holding. Vivid Wealth Management LLC's holdings in Netflix were worth $2,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital & Planning LLC bought a new stake in shares of Netflix in the 4th quarter worth about $809,000. Brighton Jones LLC boosted its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Netflix during the fourth quarter valued at approximately $12,212,000. Revolve Wealth Partners LLC increased its position in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares in the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of Netflix by 29.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 439 shares of the Internet television network's stock valued at $392,000 after purchasing an additional 101 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Netflix stock traded up $1.62 during mid-day trading on Wednesday, reaching $1,222.29. 2,277,207 shares of the company were exchanged, compared to its average volume of 3,745,432. The firm's 50-day simple moving average is $1,132.97 and its two-hundred day simple moving average is $1,004.83. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The firm has a market cap of $520.17 billion, a PE ratio of 57.76, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

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 for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Ann Mather sold 1,090 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total value of $1,362,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director now directly owns 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock valued at $210,271,552 in the last 90 days. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NFLX. Morgan Stanley increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Barclays lifted their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a research report on Monday, April 21st. 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,156.73.

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.