Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Stokes Family Office LLC

Stokes Family Office LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,906 shares of the Internet television network’s stock after selling 200 shares during the period. Stokes Family Office LLC’s holdings in Netflix were worth $1,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Netflix in the fourth quarter worth $2,558,598,000. Wellington Management Group LLP increased its holdings in Netflix by 540.9% during the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after buying an additional 2,061,859 shares in the last quarter. Jennison Associates LLC grew its holdings in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in shares of Netflix during the first quarter worth about $436,514,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,835,750. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 268 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. Insiders sold a total of 71,385 shares of company stock valued at $44,469,351 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Down 0.8 %

NASDAQ:NFLX traded down $5.15 on Friday, hitting $647.60. 3,350,208 shares of the company’s stock were exchanged, compared to its average volume of 3,904,818. The company has a market cap of $279.12 billion, a P/E ratio of 45.34, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The firm has a 50-day moving average price of $650.34 and a 200-day moving average price of $595.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $697.49.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same period in the prior year, the firm posted $2.88 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, analysts expect that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NFLX shares. Barclays raised their price objective on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Oppenheimer reissued an “outperform” rating and set a $725.00 target price on shares of Netflix in a research note on Friday, April 19th. KeyCorp raised their target price on Netflix from $707.00 to $735.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Citigroup raised their price target on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $642.43.

About Netflix

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.