Stratos Wealth Partners LTD. Has $12.52 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Stratos Wealth Partners LTD. reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,426 shares of the Internet television network's stock after selling 464 shares during the period. Stratos Wealth Partners LTD.'s holdings in Netflix were worth $12,520,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of 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 valued at $1,227,468,000 after acquiring an additional 110,432 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix during the 4th quarter valued at about $873,000. New England Research & Management Inc. boosted its position in Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after buying an additional 1,268 shares in the last quarter. First National Trust Co boosted its position in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares in the last quarter. Finally, Xcel Wealth Management LLC boosted its position in Netflix by 15.2% in the first quarter. Xcel Wealth Management LLC now owns 492 shares of the Internet television network's stock valued at $459,000 after buying an additional 65 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NFLX shares. Jefferies Financial Group boosted their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Barclays restated a "sell" rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday. Rosenblatt Securities boosted their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Robert W. Baird boosted their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Moffett Nathanson reaffirmed a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,195.30.

Insider Transactions at Netflix

In other news, Director Strive Masiyiwa sold 290 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,336.54, for a total value of $387,596.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,824,949.02. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 186,723 shares of company stock valued at $223,307,201. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Down 2.9%

NASDAQ:NFLX traded down $37.69 during trading hours on Thursday, hitting $1,250.59. The stock had a trading volume of 4,200,000 shares, compared to its average volume of 4,265,092. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $532.21 billion, a price-to-earnings ratio of 59.10, a P/E/G ratio of 2.32 and a beta of 1.59. The business's 50 day moving average is $1,217.58 and its 200-day moving average is $1,044.54.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.