WealthTrust Asset Management LLC Has $1.76 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

WealthTrust Asset Management LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,883 shares of the Internet television network's stock after selling 467 shares during the period. Netflix comprises 1.3% of WealthTrust Asset Management LLC's portfolio, making the stock its 16th largest holding. WealthTrust Asset Management LLC's holdings in Netflix were worth $1,756,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix in the fourth quarter valued at approximately $27,000. Transce3nd LLC bought a new stake in Netflix in the fourth quarter worth approximately $32,000. Copia Wealth Management bought a new stake in Netflix in the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In related news, CAO Jeffrey William Karbowski sold 620 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Strive Masiyiwa sold 290 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock worth $223,307,201 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NASDAQ NFLX traded down $5.48 during trading hours on Friday, reaching $1,245.11. 3,948,915 shares of the company's stock were exchanged, compared to its average volume of 3,766,443. The stock has a market cap of $529.88 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 2.27 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 has a fifty day moving average of $1,221.70 and a 200-day moving average of $1,049.04. 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 released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business 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 in the prior year, the company earned $8.28 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. KeyCorp upped their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday. Robert W. Baird increased their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company boosted their target price on Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. Finally, Citigroup reiterated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. One investment 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,214.52.

Netflix 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.