New Mexico Educational Retirement Board Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

New Mexico Educational Retirement Board decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,021 shares of the Internet television network's stock after selling 400 shares during the period. Netflix accounts for about 0.7% of New Mexico Educational Retirement Board's holdings, making the stock its 19th biggest holding. New Mexico Educational Retirement Board's holdings in Netflix were worth $18,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC grew its stake in 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 during the period. BIP Wealth LLC grew its stake in Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares during the period. Proficio Capital Partners LLC grew its stake in Netflix by 39.1% during the fourth quarter. Proficio Capital Partners LLC now owns 2,161 shares of the Internet television network's stock worth $1,926,000 after purchasing an additional 607 shares during the period. Finally, Moran Wealth Management LLC grew its stake in Netflix by 6.9% during the fourth quarter. Moran Wealth Management LLC now owns 2,851 shares of the Internet television network's stock worth $2,541,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NFLX shares. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. KeyCorp increased their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Macquarie increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,214.52.

Netflix Stock Performance

Netflix stock traded down $5.48 during mid-day trading on Friday, reaching $1,245.11. 3,948,915 shares of the company's stock were exchanged, compared to its average volume of 3,766,443. The business's fifty day simple moving average is $1,221.70 and its 200 day simple moving average is $1,049.04. The firm has a market capitalization of $529.88 billion, a PE ratio of 58.84, a P/E/G ratio of 2.27 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period last year, the company posted $8.28 earnings per share. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 9,673 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the sale, the director directly owned 394 shares in the company, valued at $523,669.34. The trade was a 96.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,090 shares of the business's stock in a transaction on 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by insiders.

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.