GPS Wealth Strategies Group LLC Sells 258 Shares of Netflix, Inc. (NASDAQ:NFLX)

GPS Wealth Strategies Group LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.0% in the first quarter, Holdings Channel reports. The institutional investor owned 3,447 shares of the Internet television network’s stock after selling 258 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Netflix were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% during the fourth 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 during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter worth about $27,000. Transce3nd LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $32,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the transaction, the director now owns 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by insiders.

Netflix Trading Up 1.4%

NASDAQ NFLX opened at $1,219.88 on Thursday. The company has a market capitalization of $519.15 billion, a price-to-earnings ratio of 61.52, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59. The company’s fifty day moving average price is $1,106.59 and its two-hundred day moving average price is $994.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81.

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

Analyst Ratings Changes

A number of brokerages recently commented on NFLX. Wells Fargo & Company boosted their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. Robert W. Baird upped their price objective on Netflix from $1,200.00 to $1,300.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Loop Capital reiterated a “hold” rating on shares of Netflix in a report on Monday, March 24th. Pivotal Research boosted their price objective on Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Eleven 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 presently has a consensus rating of “Moderate Buy” and an average target price of $1,149.91.

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.