Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 78.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105 shares of the Internet television network’s stock after selling 373 shares during the quarter. Chilton Capital Management LLC’s holdings in Netflix were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Valued Wealth Advisors LLC boosted its holdings in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. VitalStone Financial LLC boosted its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 56 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in Netflix by 1,550.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the period. Scarborough Advisors LLC acquired a new position in Netflix in the 4th quarter worth approximately $32,000. Finally, Indiana Trust & Investment Management CO boosted its stake in Netflix by 112.0% in 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 during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. Pivotal Research raised their price objective on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Macquarie lifted their target price on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Rosenblatt Securities lifted their target price on shares of Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. CICC Research started coverage on shares of Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 target price for the company. Finally, Evercore ISI lifted their target price on shares of Netflix from $650.00 to $700.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $645.86.

Netflix Stock Performance

Shares of NFLX traded up $8.85 during midday trading on Monday, reaching $656.45. The stock had a trading volume of 3,195,842 shares, compared to its average volume of 3,899,583. The firm has a 50 day simple moving average of $651.70 and a 200-day simple moving average of $598.44. Netflix, Inc. has a one year low of $344.73 and a one year high of $697.49. The firm has a market cap of $282.93 billion, a PE ratio of 45.95, a P/E/G ratio of 1.40 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.88 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 22,526 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total transaction of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $38,217.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Netflix news, Chairman Reed Hastings sold 22,526 shares of Netflix stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $38,217.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,385 shares of company stock worth $44,469,351. 1.76% of the stock is owned by insiders.

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.