Symphony Financial Ltd. Co. Has $969,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Symphony Financial Ltd. Co. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 69.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 988 shares of the Internet television network’s stock after selling 2,273 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Netflix were worth $969,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NFLX. Brighton Jones LLC boosted its holdings in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the last quarter. Navellier & Associates Inc. bought a new position in Netflix during the 4th quarter worth $237,000. Colonial River Investments LLC raised its position in Netflix by 2.7% during the 4th quarter. Colonial River Investments LLC now owns 1,943 shares of the Internet television network’s stock worth $1,731,000 after purchasing an additional 52 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in Netflix by 2.7% during the 4th quarter. Capital Advisors Ltd. LLC now owns 418 shares of the Internet television network’s stock worth $373,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,253.54 on Tuesday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $1,157.24 and its 200 day simple moving average is $1,014.42. The company has a market cap of $533.47 billion, a price-to-earnings ratio of 59.24, a PEG ratio of 2.38 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted 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 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, insider Cletus R. Willems sold 298 shares of the business’s stock in a transaction on 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 sale, the insider now owns 31,610 shares of the company’s stock, valued at $35,972,180. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at $362,933.10. The trade was a 98.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,660 shares of company stock worth $209,802,025. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Jefferies Financial Group lifted their price target on Netflix from $1,200.00 to $1,400.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Cfra Research upgraded Netflix to a “strong-buy” rating in a research note on Monday, April 28th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. 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 company. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,172.73.

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.