Netflix, Inc. (NASDAQ:NFLX) is Westbourne Investment Advisors Inc.'s 10th Largest Position

Westbourne Investment Advisors Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,039 shares of the Internet television network's stock after selling 206 shares during the quarter. Netflix accounts for approximately 2.7% of Westbourne Investment Advisors Inc.'s investment portfolio, making the stock its 10th largest holding. Westbourne Investment Advisors Inc.'s holdings in Netflix were worth $7,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings in shares of Netflix by 151.2% in the first quarter. Cornerstone Planning Group LLC now owns 314 shares of the Internet television network's stock valued at $293,000 after acquiring an additional 189 shares in the last quarter. Principal Securities Inc. raised its holdings in Netflix by 0.8% in the first quarter. Principal Securities Inc. now owns 8,407 shares of the Internet television network's stock worth $7,493,000 after purchasing an additional 65 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in Netflix by 1.4% in the first quarter. Linden Thomas Advisory Services LLC now owns 6,431 shares of the Internet television network's stock worth $5,997,000 after purchasing an additional 88 shares in the last quarter. Optimum Investment Advisors raised its holdings in Netflix by 17.8% in the first quarter. Optimum Investment Advisors now owns 926 shares of the Internet television network's stock worth $864,000 after purchasing an additional 140 shares in the last quarter. Finally, AlphaStar Capital Management LLC raised its holdings in Netflix by 7.6% in the first quarter. AlphaStar Capital Management LLC now owns 4,349 shares of the Internet television network's stock worth $4,056,000 after purchasing an additional 309 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Strive Masiyiwa sold 290 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 1,090 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on NFLX shares. Barclays reiterated a "sell" rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday. Wedbush reiterated an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a report on Monday, May 5th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, KeyCorp boosted their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,185.61.

Netflix Stock Performance

Netflix stock traded up $12.97 during mid-day trading on Wednesday, hitting $1,288.28. The company had a trading volume of 2,380,931 shares, compared to its average volume of 3,760,058. 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 12-month low of $587.04 and a 12-month high of $1,341.15. The company's fifty day moving average is $1,214.45 and its 200-day moving average is $1,042.85. The company has a market capitalization of $548.25 billion, a price-to-earnings ratio of 60.88, a P/E/G ratio of 2.34 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 in the prior year, the company earned $8.28 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.