AAFMAA Wealth Management & Trust LLC Sells 187 Shares of Netflix, Inc. (NASDAQ:NFLX)

AAFMAA Wealth Management & Trust LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,369 shares of the Internet television network’s stock after selling 187 shares during the period. Netflix accounts for 1.0% of AAFMAA Wealth Management & Trust LLC’s portfolio, making the stock its 23rd biggest position. AAFMAA Wealth Management & Trust LLC’s holdings in Netflix were worth $2,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC increased its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the 4th quarter worth about $27,000. Transce3nd LLC bought a new stake in shares of Netflix during the 4th quarter valued at about $32,000. Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Copia Wealth Management purchased a new position in shares of Netflix during the fourth quarter valued at about $37,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm’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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,090 shares of Netflix 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,390 shares of company stock worth $170,509,439. Company insiders own 1.37% of the company’s stock.

Netflix Stock Down 0.7%

Netflix stock opened at $1,241.47 on Friday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The stock has a fifty day simple moving average of $1,087.80 and a two-hundred day simple moving average of $987.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $528.33 billion, a price-to-earnings ratio of 62.61, a PEG ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released 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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period last year, the firm posted $8.28 earnings per share. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Jefferies Financial Group raised their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup restated a “neutral” rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Needham & Company LLC reiterated a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Eleven analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.