Romano Brothers AND Company Has $1.59 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Romano Brothers AND Company cut its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,707 shares of the Internet television network's stock after selling 206 shares during the quarter. Romano Brothers AND Company's holdings in Netflix were worth $1,592,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC increased its stake in 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 acquiring an additional 14 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter valued at approximately $32,000. Newton One Investments LLC purchased a new stake in Netflix during the fourth quarter worth approximately $34,000. Finally, Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% in 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 in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Citigroup reiterated a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Guggenheim reissued a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Wedbush restated an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Finally, Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,149.91.

Netflix Price Performance

Shares of Netflix stock traded up $10.86 on Thursday, hitting $1,250.52. The company had a trading volume of 2,814,568 shares, compared to its average volume of 3,745,431. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $532.19 billion, a PE ratio of 63.06, a PEG ratio of 2.12 and a beta of 1.58. The business has a 50-day simple moving average of $1,075.18 and a 200-day simple moving average of $982.47.

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

Insider Activity

In other news, insider Cletus R. Willems sold 298 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,300 shares of company stock worth $169,146,939. Corporate insiders own 1.37% of the company's stock.

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.