Mascagni Wealth Management Inc. Sells 365 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mascagni Wealth Management Inc. lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 38.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 592 shares of the Internet television network’s stock after selling 365 shares during the quarter. Mascagni Wealth Management Inc.’s holdings in Netflix were worth $528,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares during the period. Navellier & Associates Inc. acquired a new position in shares of Netflix in the fourth quarter valued at approximately $237,000. Colonial River Investments LLC increased its stake in shares of Netflix by 2.7% in the fourth quarter. Colonial River Investments LLC now owns 1,943 shares of the Internet television network’s stock valued at $1,731,000 after buying an additional 52 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Netflix by 2.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 418 shares of the Internet television network’s stock valued at $373,000 after buying an additional 11 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,027 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total value of $2,313,840.77. Following the transaction, the chief executive officer now owns 12,781 shares in the company, valued at approximately $14,589,639.31. This trade represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,660 shares of company stock worth $209,802,025. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NFLX. Wedbush reaffirmed an “outperform” rating and issued a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Benchmark reissued a “hold” rating on shares of Netflix in a research report on Monday, April 21st. Cfra Research raised shares of Netflix to a “strong-buy” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Finally, Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 21st. Eleven investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,172.73.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,253.54 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $1,157.24 and its two-hundred day simple moving average is $1,014.42. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,262.81. The stock has a market cap of $533.47 billion, a PE ratio of 59.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.59.

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

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.