Private Capital Advisors Inc. Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Private Capital Advisors Inc. decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,089 shares of the Internet television network's stock after selling 861 shares during the period. Netflix accounts for 3.0% of Private Capital Advisors Inc.'s portfolio, making the stock its 5th largest position. Private Capital Advisors Inc.'s holdings in Netflix were worth $25,261,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the fourth quarter worth about $27,000. Transce3nd LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $32,000. Copia Wealth Management acquired a new stake in shares of Netflix during the fourth quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the first quarter worth about $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Down 0.4%

NFLX opened at $1,245.11 on Monday. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The stock's fifty day simple moving average is $1,221.70 and its 200 day simple moving average is $1,050.73. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market cap of $529.88 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share 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 business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 EPS. As a group, research 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 topic of a number of research analyst reports. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. The Goldman Sachs Group raised their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wedbush reaffirmed an "outperform" rating and set a $1,200.00 price target on shares of Netflix in a research report on Monday, May 5th. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Piper Sandler raised their price target on Netflix from $1,150.00 to $1,400.00 and gave the stock an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,214.52.

Insiders Place Their Bets

In other Netflix news, Director Strive Masiyiwa sold 290 shares of the stock in a transaction on 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 SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 16,840 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,295.78, for a total value of $21,820,935.20. Following the transaction, the director owned 10,067 shares in the company, valued at $13,044,617.26. The trade was a 62.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 186,723 shares of company stock worth $223,307,201 in the last quarter. Company insiders own 1.37% of the company's stock.

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.

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