PSI Advisors LLC Sells 346 Shares of Netflix, Inc. (NASDAQ:NFLX)

PSI Advisors LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 84.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63 shares of the Internet television network’s stock after selling 346 shares during the quarter. PSI Advisors LLC’s holdings in Netflix were worth $59,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. West Michigan Advisors LLC lifted its position in shares of Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. increased its position in shares of Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after buying an additional 10 shares during the period. MRP Capital Investments LLC raised its stake in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its holdings in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. boosted its position in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after acquiring an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,140 shares of company stock valued at $210,271,552. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Macquarie boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price target on the stock. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research note on Monday, April 21st. 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 $1,156.73.

Netflix Stock Up 0.1%

NFLX opened at $1,222.29 on Thursday. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The firm has a market capitalization of $520.17 billion, a P/E ratio of 57.76, a PEG ratio of 2.36 and a beta of 1.59. The company’s 50-day moving average is $1,138.51 and its 200 day moving average is $1,006.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.