Clarius Group LLC Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Clarius Group LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,148 shares of the Internet television network’s stock after selling 1,673 shares during the quarter. Clarius Group LLC’s holdings in Netflix were worth $4,801,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. West Michigan Advisors LLC boosted its stake in Netflix by 1.3% in the fourth 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 in the last quarter. Warwick Investment Management Inc. increased its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC raised its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its position in shares of Netflix by 2.2% during the fourth 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 in the last quarter. Finally, Mission Creek Capital Partners Inc. grew its stake in shares of Netflix by 0.3% during 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 purchasing an additional 10 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX opened at $1,220.67 on Wednesday. The company’s fifty day simple moving average is $1,132.97 and its 200 day simple moving average is $1,004.83. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The company has a market cap of $519.48 billion, a price-to-earnings ratio of 57.69, a PEG ratio of 2.37 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last issued 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. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period in the prior year, the firm earned $8.28 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,402,068.52. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Robert W. Baird increased their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Wedbush reaffirmed an “outperform” rating and set a $1,200.00 target price on shares of Netflix in a report on Monday, May 5th. Pivotal Research increased their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Finally, Cfra Research upgraded Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,156.73.

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.