Sienna Gestion Sells 910 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sienna Gestion trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 60.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 584 shares of the Internet television network's stock after selling 910 shares during the period. Sienna Gestion's holdings in Netflix were worth $529,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the fourth quarter worth $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the fourth quarter worth $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. grew its holdings in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 0.7%

Shares of NASDAQ:NFLX traded up $8.39 during mid-day trading on Friday, reaching $1,238.95. 2,766,194 shares of the stock were exchanged, compared to its average volume of 3,760,348. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $526.47 billion, a P/E ratio of 52.79, a P/E/G ratio of 2.07 and a beta of 1.59. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The stock's 50 day simple moving average is $1,231.23 and its 200-day simple moving average is $1,102.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $4.88 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Benchmark restated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Citigroup reiterated a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Oppenheimer raised their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, Sanford C. Bernstein raised their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director directly owned 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 26,933 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at approximately $477,394.04. This represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock valued at $179,443,809 in the last ninety days. 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.