Miura Global Management LLC Sells 2,500 Shares of Netflix, Inc. (NASDAQ:NFLX)

Miura Global Management LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the Internet television network's stock after selling 2,500 shares during the quarter. Netflix makes up approximately 5.3% of Miura Global Management LLC's portfolio, making the stock its 4th biggest position. Miura Global Management LLC's holdings in Netflix were worth $4,902,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. West Michigan Advisors LLC increased its holdings in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. increased its holdings 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 during the period. MRP Capital Investments LLC lifted its position in Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC lifted 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 valued at $412,000 after buying an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its stake in 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 acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. Guggenheim restated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Bank of America increased their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. UBS Group dropped their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Monday, March 24th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,084.91.

Insider Activity

In related news, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director now owns 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock valued at $138,483,256 in the last ninety days. 1.76% of the stock is owned by insiders.

Netflix Trading Up 2.3%

Shares of NFLX traded up $26.99 on Thursday, reaching $1,177.98. 4,456,592 shares of the company's stock were exchanged, compared to its average volume of 3,765,931. The business has a 50 day moving average price of $997.19 and a two-hundred day moving average price of $939.66. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,187.45. The stock has a market capitalization of $501.31 billion, a P/E ratio of 59.40, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last released its 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 firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the business earned $8.28 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.