Blue Zone Wealth Advisors LLC Sells 24 Shares of Netflix, Inc. (NASDAQ:NFLX)

Blue Zone Wealth Advisors LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.3% during the 1st quarter, Holdings Channel reports. The fund owned 303 shares of the Internet television network’s stock after selling 24 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Netflix were worth $283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the fourth quarter valued at about $27,000. Transce3nd LLC purchased a new stake in shares of Netflix during the fourth quarter valued at about $32,000. Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Copia Wealth Management purchased a new stake in shares of Netflix during the fourth quarter valued at about $37,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on NFLX shares. Barclays increased their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Monday, April 21st. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the company an “outperform” rating in a research report on Friday, May 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,200.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Finally, Wells Fargo & Company increased their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,149.91.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann Mather sold 1,090 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,250.00, for a total transaction of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 153,390 shares of company stock worth $170,509,439 in the last quarter. Company insiders own 1.37% of the company’s stock.

Netflix Trading Down 0.7%

Shares of NFLX opened at $1,241.47 on Friday. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average is $1,087.80 and its two-hundred day moving average is $987.81. The stock has a market cap of $528.33 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm earned $8.28 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.