Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,403 shares of the Internet television network’s stock after selling 938 shares during the period. Baxter Bros Inc.’s holdings in Netflix were worth $6,526,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix in the 3rd quarter valued at $26,000. Blue Bell Private Wealth Management LLC raised its holdings in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the last quarter. Carmel Capital Partners LLC lifted its stake in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $14.19 during trading hours on Friday, reaching $579.34. 3,307,524 shares of the stock were exchanged, compared to its average volume of 4,520,712. Netflix, Inc. has a 52 week low of $317.95 and a 52 week high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $249.67 billion, a P/E ratio of 40.20, a P/E/G ratio of 1.40 and a beta of 1.23. The firm has a 50 day simple moving average of $602.57 and a 200-day simple moving average of $526.33.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the firm posted $2.88 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Bank of America raised their target price on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Citigroup upped their price target on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and decreased their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. Finally, Sanford C. Bernstein upped their price objective on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders sold 152,833 shares of company stock worth $88,270,051 in the last 90 days. 1.76% 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.