Brucke Financial Inc. Sells 16 Shares of Netflix, Inc. (NASDAQ:NFLX)

Brucke Financial Inc. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 755 shares of the Internet television network’s stock after selling 16 shares during the period. Brucke Financial Inc.’s holdings in Netflix were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Brighton Jones LLC increased its position in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the period. BIP Wealth LLC increased its position in shares of Netflix by 23.8% during the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network’s stock worth $403,000 after buying an additional 87 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Netflix during the fourth quarter worth $61,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $176,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Director Bradford L. Smith sold 3,919 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director directly owned 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the sale, the director owned 394 shares of the company’s stock, valued at approximately $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 153,408 shares of company stock valued at $186,614,540 over the last ninety days. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NFLX shares. Oppenheimer increased their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Wells Fargo & Company raised their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. TD Cowen raised their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,297.66.

Netflix Price Performance

NFLX stock opened at $1,174.60 on Tuesday. The firm has a 50 day moving average of $1,236.10 and a 200-day moving average of $1,076.50. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The firm has a market capitalization of $499.12 billion, a P/E ratio of 50.05, a price-to-earnings-growth ratio of 1.99 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the business earned $4.88 earnings per share. Netflix’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.