Capital Advisory Group Advisory Services LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Capital Advisory Group Advisory Services LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 18.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,348 shares of the Internet television network’s stock after selling 295 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Netflix were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. boosted its position in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC lifted its stake in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after buying an additional 175,596 shares during the period. GAMMA Investing LLC grew its stake in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Netflix during the 4th quarter valued at about $5,019,087,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,203.62 on Wednesday. The firm’s 50 day moving average is $1,099.31 and its two-hundred day moving average is $992.93. The firm has a market capitalization of $512.23 billion, a P/E ratio of 60.70, a PEG ratio of 2.12 and a beta of 1.59. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,262.81.

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

Analysts Set New Price Targets

NFLX has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “neutral” rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Rosenblatt Securities lifted their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. FBN Securities started coverage on Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target on the stock. Finally, Jefferies Financial Group increased their price target on Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,149.91.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were 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 Jay C. Hoag sold 32,515 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,140 shares of company stock valued at $210,271,552 over the last 90 days. 1.37% of the stock is currently owned by company 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.