Stratos Investment Management LLC Sells 290 Shares of Netflix, Inc. (NASDAQ:NFLX)

Stratos Investment Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,064 shares of the Internet television network's stock after selling 290 shares during the quarter. Stratos Investment Management LLC's holdings in Netflix were worth $14,048,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter valued at about $27,000. Transce3nd LLC acquired a new position in Netflix during the 4th quarter valued at about $32,000. Copia Wealth Management acquired a new position in Netflix during the 4th quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its position in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,179,614.58. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is owned by company insiders.

Netflix Stock Up 1.0%

Shares of NASDAQ NFLX traded up $12.97 during midday trading on Wednesday, reaching $1,288.28. The company's stock had a trading volume of 2,380,931 shares, compared to its average volume of 3,764,707. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $548.25 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 2.32 and a beta of 1.59. The stock has a 50 day simple moving average of $1,214.45 and a 200-day simple moving average of $1,042.85.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the company earned $8.28 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Guggenheim restated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Wedbush restated an "outperform" rating and set a $1,200.00 target price on shares of Netflix in a research report on Monday, May 5th. Wells Fargo & Company upped their target price on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,185.61.

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.