Sivia Capital Partners LLC Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Sivia Capital Partners LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,008 shares of the Internet television network’s stock after selling 18 shares during the period. Sivia Capital Partners LLC’s holdings in Netflix were worth $612,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Indiana Trust & Investment Management CO boosted its stake in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. VitalStone Financial LLC boosted its position in Netflix by 933.3% during the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 56 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of Netflix during the 4th quarter worth approximately $32,000. Beaird Harris Wealth Management LLC raised its position in shares of Netflix by 1,550.0% in the 4th 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 in the last quarter. Finally, Spartan Planning & Wealth Management purchased a new position in shares of Netflix in the 3rd quarter valued at approximately $26,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 268 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Netflix news, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 22,526 shares of Netflix stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now directly owns 57 shares in the company, valued at $38,217.93. The disclosure for this sale can be found here. Insiders sold a total of 71,385 shares of company stock valued at $44,469,351 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Wedbush reaffirmed an “outperform” rating and set a $725.00 price objective on shares of Netflix in a research report on Monday, May 20th. Citigroup lifted their price objective on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 target price (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price target (down previously from $720.00) on shares of Netflix in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $637.34.

Netflix Stock Performance

Netflix stock traded up $0.15 during midday trading on Wednesday, hitting $679.73. The stock had a trading volume of 542,878 shares, compared to its average volume of 3,938,423. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $689.88. The company has a market capitalization of $292.96 billion, a PE ratio of 47.18, a P/E/G ratio of 1.46 and a beta of 1.27. The firm’s fifty day moving average is $633.35 and its two-hundred day moving average is $587.97. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the firm earned $2.88 EPS. On average, research analysts forecast that Netflix, Inc. will post 18.31 EPS for the current 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.