SeaBridge Investment Advisors LLC Sells 548 Shares of Netflix, Inc. (NASDAQ:NFLX)

SeaBridge Investment Advisors LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,254 shares of the Internet television network's stock after selling 548 shares during the period. Netflix comprises approximately 1.1% of SeaBridge Investment Advisors LLC's portfolio, making the stock its 26th biggest holding. SeaBridge Investment Advisors LLC's holdings in Netflix were worth $4,900,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after acquiring an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new stake in Netflix during the 4th quarter valued at approximately $873,000. New England Research & Management Inc. increased its position in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after buying an additional 1,268 shares during the period. Xcel Wealth Management LLC lifted its holdings in shares of Netflix by 15.2% during the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock worth $459,000 after buying an additional 65 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Netflix by 6.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after acquiring an additional 3,137 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 2.1%

Shares of Netflix stock traded up $26.70 during trading hours on Thursday, hitting $1,277.01. The company's stock had a trading volume of 3,851,709 shares, compared to its average volume of 3,767,293. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $543.46 billion, a PE ratio of 60.25, a price-to-earnings-growth ratio of 2.28 and a beta of 1.59. The stock has a 50 day moving average of $1,228.61 and a 200 day moving average of $1,056.00.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm posted $8.28 earnings per share. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NFLX. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Wedbush reaffirmed an "outperform" rating and set a $1,400.00 price objective on shares of Netflix in a research note on Monday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,233.15.

Insider Buying and Selling at Netflix

In related news, Director Strive Masiyiwa sold 290 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock valued at $223,307,201 over the last quarter. 1.37% of the stock is currently owned by corporate 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.