Teamwork Financial Advisors LLC Has $15.44 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Teamwork Financial Advisors LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,558 shares of the Internet television network's stock after selling 1,557 shares during the quarter. Netflix accounts for 2.1% of Teamwork Financial Advisors LLC's investment portfolio, making the stock its 23rd biggest holding. Teamwork Financial Advisors LLC's holdings in Netflix were worth $15,441,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC raised its stake in Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC raised its stake in Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after purchasing an additional 175,596 shares during the period. GAMMA Investing LLC raised its stake in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Finally, Norges Bank acquired a new stake in Netflix during the 4th quarter valued at $5,019,087,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 1,090 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 153,390 shares of company stock worth $170,509,439. Company insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $9.05 during mid-day trading on Friday, hitting $1,241.47. The company had a trading volume of 2,554,452 shares, compared to its average volume of 3,757,574. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business's 50-day simple moving average is $1,087.80 and its 200-day simple moving average is $987.81. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The firm has a market cap of $528.33 billion, a P/E ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter last year, the company earned $8.28 earnings per share. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. FBN Securities assumed coverage on shares of Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price on the stock. Robert W. Baird upped their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Pivotal Research upped their price target on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $1,220.00 price target (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,149.91.

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.