Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,502 shares of the Internet television network's stock after selling 592 shares during the quarter. Netflix accounts for 1.0% of Laird Norton Wetherby Wealth Management LLC's holdings, making the stock its 14th biggest position. Laird Norton Wetherby Wealth Management LLC's holdings in Netflix were worth $20,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its position in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction 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. In the last three months, insiders sold 132,868 shares of company stock valued at $138,483,256. Insiders own 1.76% of the company's stock.

Netflix Stock Up 2.6%

Shares of Netflix stock traded up $28.44 during trading on Tuesday, hitting $1,138.44. 3,993,936 shares of the stock were exchanged, compared to its average volume of 3,758,663. The stock has a market cap of $484.49 billion, a price-to-earnings ratio of 57.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The firm's 50-day moving average price is $991.99 and its 200 day moving average price is $938.19. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,164.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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 the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the company earned $8.28 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Evercore ISI increased their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Morgan Stanley increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Macquarie raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

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.