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

Stratos Wealth Partners LTD. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the fourth quarter worth $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter worth $32,000. Copia Wealth Management acquired a new position in shares of Netflix during the fourth quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 3,919 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director owned 7,969 shares of the company's stock, valued at $8,959,227.94. This represents a 32.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated 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 in the company, valued at $4,179,614.58. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock worth $223,307,201 over the last quarter. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFLX. Macquarie upped their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Guggenheim reiterated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Pivotal Research reissued a "buy" rating on shares of Netflix in a research note on Thursday. Finally, Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,206.64.

Netflix Stock Down 1.0%

Shares of NFLX stock traded down $12.54 on Friday, reaching $1,238.06. 1,725,722 shares of the company were exchanged, compared to its average volume of 3,763,273. The company has a market cap of $526.88 billion, a price-to-earnings ratio of 58.53, a PEG ratio of 2.34 and a beta of 1.59. The company has a 50-day moving average of $1,219.93 and a 200-day moving average of $1,046.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the prior year, the firm earned $8.28 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current 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.