Sulzberger Capital Advisors Inc. Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Sulzberger Capital Advisors Inc. decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 465 shares of the Internet television network's stock after selling 233 shares during the period. Netflix comprises 0.6% of Sulzberger Capital Advisors Inc.'s portfolio, making the stock its 28th largest holding. Sulzberger Capital Advisors Inc.'s holdings in Netflix were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC raised its stake in shares of Netflix by 517.0% during the 1st quarter. Princeton Global Asset Management LLC now owns 290 shares of the Internet television network's stock worth $270,000 after buying an additional 243 shares in the last quarter. Reliant Investment Management LLC boosted its stake in shares of Netflix by 1.1% in the first quarter. Reliant Investment Management LLC now owns 6,384 shares of the Internet television network's stock valued at $5,953,000 after buying an additional 71 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in Netflix by 0.3% during the first quarter. Gateway Investment Advisers LLC now owns 100,401 shares of the Internet television network's stock worth $93,627,000 after acquiring an additional 333 shares during the period. Independence Bank of Kentucky raised its position in Netflix by 8.5% in the first quarter. Independence Bank of Kentucky now owns 1,474 shares of the Internet television network's stock worth $1,375,000 after acquiring an additional 116 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in Netflix by 1.9% in the first quarter. Congress Asset Management Co. now owns 138,442 shares of the Internet television network's stock valued at $129,101,000 after acquiring an additional 2,607 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,241.47 on Friday. The company has a market cap of $528.33 billion, a P/E ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59. The firm's 50 day moving average is $1,087.80 and its two-hundred day moving average is $987.81. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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 the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the company posted $8.28 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NFLX. UBS Group upped their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Wednesday. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Wells Fargo & Company lifted their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Citigroup reiterated a "neutral" rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Eleven investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,149.91.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold 153,390 shares of company stock worth $170,509,439 over the last three months. 1.37% of the stock is owned by insiders.

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.

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