Yousif Capital Management LLC Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

Yousif Capital Management LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,383 shares of the Internet television network's stock after selling 671 shares during the period. Netflix accounts for 0.6% of Yousif Capital Management LLC's portfolio, making the stock its 24th largest holding. Yousif Capital Management LLC's holdings in Netflix were worth $47,916,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its holdings in shares of Netflix by 82.4% during the 4th 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 during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix during the 4th quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in Netflix in the 4th quarter worth approximately $32,000. Pineridge Advisors LLC boosted its position in shares of Netflix by 4,000.0% during the 4th 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 last quarter. Finally, Copia Wealth Management bought a new stake in Netflix in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of a number of recent research reports. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company raised their price objective on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Finally, Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $1,149.91.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value 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. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,140 shares of company stock worth $210,271,552. 1.37% of the stock is owned by insiders.

Netflix Stock Up 1.3%

Shares of NASDAQ:NFLX traded up $15.51 during trading on Wednesday, reaching $1,219.13. The stock had a trading volume of 759,636 shares, compared to its average volume of 3,750,169. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The firm's 50-day simple moving average is $1,099.31 and its 200 day simple moving average is $992.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $518.83 billion, a P/E ratio of 61.52, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company earned $8.28 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.