New World Advisors LLC Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

New World Advisors LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 484 shares of the Internet television network's stock after selling 230 shares during the period. New World Advisors LLC's holdings in Netflix were worth $451,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. West Michigan Advisors LLC increased its holdings in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares during the period. Warwick Investment Management Inc. increased its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC raised its holdings in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its position in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. boosted its holdings in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,280 shares of company stock worth $210,599,866 in the last 90 days. Insiders own 1.37% of the company's stock.

Netflix Trading Up 1.3%

NASDAQ:NFLX traded up $16.45 during trading hours on Friday, hitting $1,323.12. The company had a trading volume of 4,066,251 shares, compared to its average volume of 3,745,947. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,330.72. The company has a market cap of $563.08 billion, a P/E ratio of 62.53, a P/E/G ratio of 2.53 and a beta of 1.59. The company has a 50-day moving average of $1,176.24 and a 200 day moving average of $1,020.75. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the firm posted $8.28 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several analyst reports. Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Barclays raised their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Finally, Jefferies Financial Group increased their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Eleven research 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,172.73.

About Netflix

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.