Netflix, Inc. (NASDAQ:NFLX) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,810 shares of the Internet television network's stock after selling 3,279 shares during the period. Netflix makes up 1.7% of ST Germain D J Co. Inc.'s holdings, making the stock its 10th largest position. ST Germain D J Co. Inc.'s holdings in Netflix were worth $35,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. Capital & Planning LLC acquired a new stake in shares of Netflix during the fourth quarter worth $809,000. Brighton Jones LLC raised its position in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Netflix during the fourth quarter valued at $12,212,000. Revolve Wealth Partners LLC grew its holdings in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of Netflix by 3.5% during the fourth quarter. DAVENPORT & Co LLC now owns 12,516 shares of the Internet television network's stock valued at $11,156,000 after buying an additional 426 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares of the company's stock, valued at $362,933.10. This represents a 98.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $4,472,273.97. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,300 shares of company stock valued at $169,146,939 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $21.72 during trading hours on Wednesday, hitting $1,239.66. 2,353,706 shares of the company's stock were exchanged, compared to its average volume of 3,746,177. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,242.58. 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 stock has a market capitalization of $527.56 billion, a price-to-earnings ratio of 62.51, a PEG ratio of 2.12 and a beta of 1.58. The company's 50-day moving average price is $1,069.06 and its 200-day moving average price is $980.69.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 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 analysts' expectations 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 prior year, the firm posted $8.28 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NFLX shares. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Wall Street Zen downgraded Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Macquarie lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target on the stock. Finally, Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Eleven 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,149.91.

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.