Stratos Wealth Partners LTD. Sells 464 Shares of Netflix, Inc. (NASDAQ:NFLX)

Stratos Wealth Partners LTD. reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,426 shares of the Internet television network's stock after selling 464 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Netflix were worth $12,520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blackhawk Capital Partners LLC. raised its position in Netflix by 9.1% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 2,793 shares of the Internet television network's stock valued at $2,605,000 after buying an additional 234 shares during the last quarter. May Hill Capital LLC boosted its stake in shares of Netflix by 3.2% in the 1st quarter. May Hill Capital LLC now owns 1,405 shares of the Internet television network's stock worth $1,310,000 after buying an additional 43 shares during the last quarter. Geneva Partners LLC boosted its stake in shares of Netflix by 1.7% in the 1st quarter. Geneva Partners LLC now owns 5,548 shares of the Internet television network's stock worth $5,174,000 after buying an additional 93 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Netflix by 9.6% in the first quarter. Brown Advisory Inc. now owns 270,958 shares of the Internet television network's stock valued at $252,676,000 after acquiring an additional 23,700 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its position in shares of Netflix by 2.5% during the first quarter. Highview Capital Management LLC DE now owns 2,071 shares of the Internet television network's stock valued at $1,931,000 after acquiring an additional 51 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 1.1%

Shares of NFLX stock traded down $14.31 during trading hours on Tuesday, reaching $1,275.31. The company's stock had a trading volume of 3,281,114 shares, compared to its average volume of 3,758,235. The stock has a market capitalization of $542.73 billion, a P/E ratio of 60.27, a P/E/G ratio of 2.35 and a beta of 1.59. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The firm's fifty day simple moving average is $1,211.46 and its 200 day simple moving average is $1,041.22. 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 (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, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period last year, the company earned $8.28 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 16,840 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,295.78, for a total transaction of $21,820,935.20. Following the sale, the director directly owned 10,067 shares in the company, valued at $13,044,617.26. The trade was a 62.59% 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, CAO Jeffrey William Karbowski sold 620 shares of Netflix stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,723 shares of company stock worth $223,307,201. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research reports. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Morgan Stanley increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Moffett Nathanson restated 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. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Finally, Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Twelve investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,182.58.

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.