Personal CFO Solutions LLC Reduces Position in Netflix, Inc. (NASDAQ:NFLX)

Personal CFO Solutions LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,027 shares of the Internet television network's stock after selling 656 shares during the period. Netflix comprises about 0.6% of Personal CFO Solutions LLC's investment portfolio, making the stock its 28th biggest holding. Personal CFO Solutions LLC's holdings in Netflix were worth $2,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NFLX. Fullcircle Wealth LLC raised its position in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares during the period. Warwick Investment Management Inc. raised its stake in Netflix by 3.5% during 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 in the last quarter. MRP Capital Investments LLC raised its position in Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its stake in shares of 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 acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. increased 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. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ NFLX traded up $12.97 on Wednesday, hitting $1,288.28. 2,380,931 shares of the stock traded hands, compared to its average volume of 3,764,707. The business's fifty day moving average is $1,217.58 and its two-hundred day moving average is $1,044.54. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The firm has a market capitalization of $548.25 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 2.32 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its 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 return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the business posted $8.28 earnings per share. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Strive Masiyiwa sold 290 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. 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. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NFLX. Jefferies Financial Group boosted their target price on Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Robert W. Baird upped their target price on Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Morgan Stanley increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Oppenheimer upped their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Finally, Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,185.61.

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.