Retirement Guys Formula LLC Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Retirement Guys Formula LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,576 shares of the Internet television network’s stock after selling 242 shares during the quarter. Retirement Guys Formula LLC’s holdings in Netflix were worth $1,564,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Spartan Planning & Wealth Management purchased a new stake in Netflix in the third quarter valued at $26,000. VitalStone Financial LLC grew its stake in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares in the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after buying an additional 62 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Netflix during the 4th quarter worth $32,000. Finally, Indiana Trust & Investment Management CO grew its stake in Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX traded up $2.93 on Thursday, reaching $682.51. The stock had a trading volume of 1,403,545 shares, compared to its average volume of 2,678,236. The firm has a market capitalization of $294.16 billion, a PE ratio of 47.36, a PEG ratio of 1.47 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $635.90 and a 200 day moving average of $588.63. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.88 EPS. Sell-side analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on NFLX. Evercore ISI boosted their target price on Netflix from $650.00 to $700.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. BMO Capital Markets reissued an “outperform” rating and set a $713.00 target price (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $720.00 to $585.00 in a research report on Friday, April 19th. JPMorgan Chase & Co. upped their price objective on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $637.34.

Insider Buying and Selling at Netflix

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Netflix news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 4,783 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total value of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,385 shares of company stock worth $44,469,351. 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.