Rothschild Investment LLC Sells 354 Shares of Netflix, Inc. (NASDAQ:NFLX)

Rothschild Investment LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 11,069 shares of the Internet television network's stock after selling 354 shares during the period. Rothschild Investment LLC's holdings in Netflix were worth $10,322,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. FMR LLC increased its position in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC lifted its stake in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after acquiring an additional 175,596 shares during the period. GAMMA Investing LLC boosted its stake in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Netflix in the 4th quarter worth approximately $5,019,087,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Barclays increased their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. UBS Group dropped their price objective on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Finally, Pivotal Research lifted their target price on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,122.33.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $17.26 during mid-day trading on Friday, hitting $1,202.12. 4,686,095 shares of the stock were exchanged, compared to its average volume of 3,757,419. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,215.91. The stock's fifty day simple moving average is $1,059.27 and its two-hundred day simple moving average is $975.30. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $511.59 billion, a P/E ratio of 60.62, a PEG ratio of 2.12 and a beta of 1.58.

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, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the company posted $8.28 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 133,348 shares of company stock valued at $139,087,908 in the last 90 days. 1.37% of the stock is currently owned by insiders.

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.