Avior Wealth Management LLC Sells 1,413 Shares of Netflix, Inc. (NASDAQ:NFLX)

Avior Wealth Management LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 32.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,928 shares of the Internet television network’s stock after selling 1,413 shares during the period. Avior Wealth Management LLC’s holdings in Netflix were worth $2,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after buying an additional 171,712 shares during the last quarter. FMR LLC increased its stake in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its stake in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. GAMMA Investing LLC increased its stake in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Finally, Norges Bank bought a new stake in Netflix in the fourth quarter valued at $5,019,087,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NFLX. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and issued a $1,200.00 price target on shares of Netflix in a research note on Monday, May 5th. Jefferies Financial Group lifted their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Finally, Oppenheimer lifted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $1,172.73.

Netflix Stock Up 0.8%

Netflix stock opened at $1,231.49 on Friday. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The stock has a market cap of $524.09 billion, a PE ratio of 58.20, a price-to-earnings-growth ratio of 2.36 and a beta of 1.59. The firm’s 50-day simple moving average is $1,150.80 and its 200 day simple moving average is $1,010.84. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the company earned $8.28 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now directly owns 63,040 shares in the company, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock worth $210,271,552 over the last three months. 1.37% of the stock is currently owned by insiders.

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.