Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,458 shares of the Internet television network's stock after selling 2,045 shares during the period. Netflix accounts for 0.3% of Graham Capital Management L.P.'s holdings, making the stock its 21st biggest holding. Graham Capital Management L.P.'s holdings in Netflix were worth $21,800,000 as of its most recent SEC filing.

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

Netflix Stock Performance

NFLX stock traded down $4.62 during mid-day trading on Friday, reaching $1,139.81. The company had a trading volume of 2,565,837 shares, compared to its average volume of 3,740,061. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $485.07 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,164.00. The stock's 50-day simple moving average is $984.97 and its two-hundred day simple moving average is $934.31.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company 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 period last year, the business posted $8.28 earnings per share. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Macquarie upped their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Guggenheim restated a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, Robert W. Baird upped their price target on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,084.91.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the firm's 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 directly owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,027 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total value of $2,313,840.77. Following the transaction, the chief executive officer now directly owns 12,781 shares in the company, valued at $14,589,639.31. This trade represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,530 shares of company stock worth $137,602,751. 1.76% of the stock is owned by insiders.

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.