Mirador Capital Partners LP Sells 20 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mirador Capital Partners LP lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 872 shares of the Internet television network’s stock after selling 20 shares during the period. Mirador Capital Partners LP’s holdings in Netflix were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NFLX. Columbia Trust Co 01012016 raised its position in Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its position in shares of Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after acquiring an additional 83 shares during the last quarter. Venture Visionary Partners LLC lifted its stake in shares of Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after acquiring an additional 1,318 shares during the period. Sandy Cove Advisors LLC boosted its holdings in Netflix by 10.6% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares during the last quarter. Finally, Malaga Cove Capital LLC increased its position in Netflix by 25.4% during the 4th quarter. Malaga Cove Capital LLC now owns 1,562 shares of the Internet television network’s stock valued at $761,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction that occurred 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 owns 13,090 shares in the company, valued at $8,835,750. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,783 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,835,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 19,943 shares of Netflix stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $633.58, for a total transaction of $12,635,485.94. Following the completion of the transaction, the chairman now owns 57 shares of the company’s stock, valued at approximately $36,114.06. The disclosure for this sale can be found here. Insiders sold 48,859 shares of company stock valued at $29,365,893 in the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 0.2 %

NFLX stock opened at $673.61 on Tuesday. The stock has a market cap of $290.33 billion, a P/E ratio of 46.75, a P/E/G ratio of 1.46 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. The stock’s fifty day simple moving average is $628.93 and its two-hundred day simple moving average is $585.07. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $689.88.

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

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. Loop Capital upped their price objective on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Jefferies Financial Group reiterated a “buy” rating and set a $655.00 price target on shares of Netflix in a report on Wednesday, May 15th. Rosenblatt Securities boosted their price objective on Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Piper Sandler raised their target price on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Finally, Morgan Stanley boosted their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $633.53.

Netflix Company 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.