Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 445 shares of the Internet television network’s stock after selling 29 shares during the quarter. Signet Financial Management LLC’s holdings in Netflix were worth $270,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix in the third quarter worth approximately $26,000. VitalStone Financial LLC raised its position in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in Netflix by 1,550.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 62 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Netflix during the 4th quarter valued at about $32,000. Finally, 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. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Spencer Adam Neumann sold 564 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The disclosure for this sale can be found here. Insiders have sold 69,425 shares of company stock worth $41,919,791 over the last 90 days. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NFLX shares. Benchmark upped their price target on Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a research report on Friday, May 17th. Piper Sandler lifted their price target on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Sanford C. Bernstein boosted their price target on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Rosenblatt Securities increased their price target on shares of Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $633.53.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $6.42 during trading on Thursday, reaching $684.11. The company had a trading volume of 790,169 shares, compared to its average volume of 3,983,623. The firm’s fifty day moving average is $625.06 and its 200 day moving average is $581.29. The firm has a market capitalization of $294.85 billion, a PE ratio of 47.29, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share 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 during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the prior year, the business posted $2.88 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 18.31 EPS for the current 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.