Sloy Dahl & Holst LLC Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Sloy Dahl & Holst LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,579 shares of the Internet television network’s stock after selling 66 shares during the quarter. Netflix comprises about 0.9% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 12th largest holding. Sloy Dahl & Holst LLC’s holdings in Netflix were worth $3,996,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NFLX. Capital World Investors raised its position in shares of Netflix by 0.7% in the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares during the last quarter. Jennison Associates LLC raised its position in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Norges Bank purchased a new position in shares of Netflix in the 4th quarter valued at approximately $2,558,598,000. Fisher Asset Management LLC raised its position in shares of Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after purchasing an additional 78,298 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock valued at $1,888,503,000 after purchasing an additional 3,273,592 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFLX. Wells Fargo & Company increased their price objective on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Citigroup raised their price target on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. raised their price target 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. Jefferies Financial Group reissued a “buy” rating and set a $655.00 price target on shares of Netflix in a research report on Wednesday, May 15th. Finally, Argus raised their price target on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $637.34.

Netflix Trading Up 0.2 %

Shares of NASDAQ NFLX traded up $1.35 during trading on Wednesday, hitting $680.93. 194,124 shares of the company were exchanged, compared to its average volume of 3,935,677. Netflix, Inc. has a 12-month low of $344.73 and a 12-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. The company has a fifty day moving average price of $631.31 and a 200-day moving average price of $586.51. The firm has a market capitalization of $293.48 billion, a PE ratio of 47.16, a P/E/G ratio of 1.46 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.88 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Netflix news, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 268 shares of Netflix stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $18,764,328.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,385 shares of company stock worth $44,469,351. Company insiders own 1.76% of the company’s stock.

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.