Tobam Has $184,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Tobam reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 76.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197 shares of the Internet television network's stock after selling 648 shares during the period. Tobam's holdings in Netflix were worth $184,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. West Michigan Advisors LLC boosted its stake in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. boosted its stake in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its holdings in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. raised its holdings in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX traded down $2.88 during trading hours on Friday, reaching $1,212.15. The company's stock had a trading volume of 2,209,188 shares, compared to its average volume of 3,761,170. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81. The company's 50-day moving average is $1,120.37 and its 200-day moving average is $1,000.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $515.86 billion, a PE ratio of 61.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the business earned $8.28 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, insider Cletus R. Willems sold 298 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now owns 31,610 shares in the company, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 in the last 90 days. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on NFLX. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Barclays upped their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Canaccord Genuity Group boosted their price objective on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,156.73.

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.