Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,027 shares of the Internet television network's stock after selling 656 shares during the period. Netflix accounts for about 0.6% of Personal CFO Solutions LLC's investment portfolio, making the stock its 28th largest position. Personal CFO Solutions LLC's holdings in Netflix were worth $2,823,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AlphaStar Capital Management LLC raised its holdings in shares of Netflix by 7.6% during the 1st quarter. AlphaStar Capital Management LLC now owns 4,349 shares of the Internet television network's stock worth $4,056,000 after acquiring an additional 309 shares in the last quarter. Valeo Financial Advisors LLC increased its position in Netflix by 0.7% in the first quarter. Valeo Financial Advisors LLC now owns 7,596 shares of the Internet television network's stock worth $7,084,000 after purchasing an additional 52 shares during the last quarter. SilverOak Wealth Management LLC bought a new position in shares of Netflix in the 1st quarter valued at about $206,000. Blackhawk Capital Partners LLC. grew its position in Netflix by 9.1% in the first quarter. Blackhawk Capital Partners LLC. now owns 2,793 shares of the Internet television network's stock worth $2,605,000 after acquiring an additional 234 shares in the last quarter. Finally, May Hill Capital LLC grew its position in Netflix by 3.2% in the first quarter. May Hill Capital LLC now owns 1,405 shares of the Internet television network's stock worth $1,310,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. The Goldman Sachs Group raised their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, FBN Securities initiated coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,182.58.

Netflix Trading Down 1.1%

Shares of NASDAQ NFLX traded down $14.31 during mid-day trading on Tuesday, reaching $1,275.31. 3,281,114 shares of the company's stock were exchanged, compared to its average volume of 3,758,236. The firm has a market capitalization of $542.73 billion, a price-to-earnings ratio of 60.27, a PEG ratio of 2.35 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, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The company's 50-day moving average is $1,211.46 and its 200-day moving average is $1,041.22.

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

Insider Buying and Selling

In other news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,179,614.58. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,723 shares of company stock worth $223,307,201. 1.37% of the stock is owned by corporate insiders.

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.