Netflix, Inc. (NASDAQ:NFLX) Shares Sold by American Trust

American Trust reduced its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231 shares of the Internet television network's stock after selling 225 shares during the period. American Trust's holdings in Netflix were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Capital & Planning LLC purchased a new position in shares of Netflix in the 4th quarter worth $809,000. Brighton Jones LLC lifted its holdings in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Grimes & Company Inc. lifted its holdings in shares of Netflix by 4.9% in the 4th quarter. Grimes & Company Inc. now owns 362 shares of the Internet television network's stock worth $323,000 after acquiring an additional 17 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Netflix by 1,142.9% in the 4th quarter. AlphaMark Advisors LLC now owns 87 shares of the Internet television network's stock worth $78,000 after acquiring an additional 80 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 285.4% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 185 shares of the Internet television network's stock worth $165,000 after acquiring an additional 137 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX traded down $3.02 on Wednesday, hitting $1,208.55. 1,835,778 shares of the company's stock traded hands, compared to its average volume of 3,751,038. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,215.39. The firm's 50-day moving average price is $1,045.95 and its two-hundred day moving average price is $967.38. The firm has a market capitalization of $514.32 billion, a PE ratio of 60.95, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 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 period in the previous year, the business posted $8.28 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price objective (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Guggenheim reissued a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

Insider Activity at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold a total of 132,708 shares of company stock worth $138,323,256 in the last three months. Company insiders own 1.37% of the company's stock.

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.