Sowell Financial Services LLC Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Sowell Financial Services LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,467 shares of the Internet television network's stock after selling 1,002 shares during the quarter. Sowell Financial Services LLC's holdings in Netflix were worth $9,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. West Michigan Advisors LLC lifted its stake in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares during the last quarter. Warwick Investment Management Inc. increased its position in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its position in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its position in Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. increased its position in Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NFLX shares. Oppenheimer increased their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Wedbush restated an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Finally, Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

Netflix Trading Down 0.2%

Shares of NASDAQ NFLX opened at $1,212.15 on Monday. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $1,120.37 and a 200-day simple moving average of $1,000.96. The stock has a market capitalization of $515.86 billion, a PE ratio of 61.13, a PEG ratio of 2.12 and a beta of 1.59.

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 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 business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the firm posted $8.28 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction 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 now directly owns 63,040 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,090 shares of Netflix stock in a transaction dated 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. Over the last three months, insiders sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company's stock.

About Netflix

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.

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