Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Retireful LLC

Retireful LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407 shares of the Internet television network's stock after selling 231 shares during the period. Netflix makes up 1.3% of Retireful LLC's holdings, making the stock its 21st largest position. Retireful LLC's holdings in Netflix were worth $1,314,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC purchased a new stake in shares of Netflix in the fourth quarter valued at approximately $32,000. Pineridge Advisors LLC raised its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Finally, Copia Wealth Management purchased a new position in Netflix during the fourth quarter valued at $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of Netflix stock traded down $9.05 during trading on Friday, reaching $1,241.47. The company's stock had a trading volume of 2,554,452 shares, compared to its average volume of 3,744,913. The company has a 50-day moving average price of $1,081.54 and a two-hundred day moving average price of $985.25. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The firm has a market cap of $528.33 billion, a PE ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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 net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the firm posted $8.28 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Robert W. Baird increased their target price on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,149.91.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The stock was 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. Insiders have sold a total of 153,390 shares of company stock valued at $170,509,439 over the last quarter. 1.37% of the stock is currently owned by insiders.

Netflix 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.