Country Club Bank Sells 17 Shares of Netflix, Inc. (NASDAQ:NFLX)

Country Club Bank trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,921 shares of the Internet television network’s stock after selling 17 shares during the quarter. Country Club Bank’s holdings in Netflix were worth $3,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fidelis Capital Partners LLC boosted its stake in shares of Netflix by 0.5% during the 1st quarter. Fidelis Capital Partners LLC now owns 4,557 shares of the Internet television network’s stock worth $4,250,000 after acquiring an additional 21 shares during the last quarter. Seamount Financial Group Inc. increased its position in Netflix by 28.8% in the first quarter. Seamount Financial Group Inc. now owns 416 shares of the Internet television network’s stock worth $388,000 after buying an additional 93 shares in the last quarter. Genus Capital Management Inc. increased its position in Netflix by 227.7% in the first quarter. Genus Capital Management Inc. now owns 5,538 shares of the Internet television network’s stock worth $5,164,000 after buying an additional 9,876 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Netflix by 6.2% in the first quarter. State of Michigan Retirement System now owns 171,249 shares of the Internet television network’s stock worth $159,695,000 after buying an additional 10,000 shares during the period. Finally, MJP Associates Inc. ADV lifted its position in shares of Netflix by 9.4% during the 1st quarter. MJP Associates Inc. ADV now owns 677 shares of the Internet television network’s stock valued at $631,000 after buying an additional 58 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ann Mather sold 1,090 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Strive Masiyiwa sold 290 shares of Netflix stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total transaction of $387,596.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,723 shares of company stock worth $223,307,201. Corporate insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, June 20th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research report on Thursday. Finally, Evercore ISI reissued an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,195.30.

Netflix Stock Down 2.9%

Shares of NASDAQ NFLX opened at $1,250.59 on Friday. The stock has a market cap of $532.21 billion, a P/E ratio of 59.10, a PEG ratio of 2.34 and a beta of 1.59. The business’s fifty day simple moving average is $1,219.93 and its 200-day simple moving average is $1,046.88. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

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