Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 445 shares of the Internet television network’s stock after selling 29 shares during the period. Signet Financial Management LLC’s holdings in Netflix were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spartan Planning & Wealth Management acquired a new stake in Netflix during the third quarter worth about $26,000. VitalStone Financial LLC grew its holdings in Netflix by 933.3% during the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the period. Scarborough Advisors LLC acquired a new stake in Netflix during the fourth quarter worth about $32,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Anne M. Sweeney sold 633 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total value of $3,228,525.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,835,750. The disclosure for this sale can be found here. Insiders sold 69,425 shares of company stock valued at $41,919,791 in the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.9 %

NFLX stock traded up $6.42 during midday trading on Thursday, hitting $684.11. 790,169 shares of the company’s stock were exchanged, compared to its average volume of 3,983,623. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $689.88. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $625.06 and a two-hundred day simple moving average of $581.29. The stock has a market capitalization of $294.85 billion, a PE ratio of 47.29, a P/E/G ratio of 1.45 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $2.88 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NFLX shares. Guggenheim increased their price target on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Macquarie increased their price target on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Oppenheimer reiterated an “outperform” rating and set a $725.00 price target on shares of Netflix in a research report on Friday, April 19th. JPMorgan Chase & Co. increased their price target on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, CICC Research started coverage on Netflix in a research report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $633.53.

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.