Castleview Partners LLC Sells 341 Shares of Netflix, Inc. (NASDAQ:NFLX)

Castleview Partners LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 48.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 366 shares of the Internet television network’s stock after selling 341 shares during the quarter. Castleview Partners LLC’s holdings in Netflix were worth $341,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix in the fourth quarter valued at about $27,000. Transce3nd LLC bought a new position in Netflix in the fourth quarter valued at about $32,000. Copia Wealth Management bought a new position in Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director now owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 26,977 shares of the firm’s 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 value of $30,566,289.85. Following the completion of the transaction, the director now owns 394 shares in the company, valued at $446,421.70. This represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock worth $210,271,552 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 0.8%

Shares of NASDAQ:NFLX opened at $1,231.49 on Friday. The business’s 50 day simple moving average is $1,150.80 and its two-hundred day simple moving average is $1,010.84. The firm has a market cap of $524.09 billion, a P/E ratio of 58.20, a PEG ratio of 2.36 and a beta of 1.59. 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, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) 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 analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the company earned $8.28 earnings per share. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Benchmark reiterated a “hold” rating on shares of Netflix in a research report on Monday, April 21st. UBS Group increased their target price on Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research report on Thursday, May 15th. Needham & Company LLC reiterated a “buy” rating and issued a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Finally, Guggenheim reiterated a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus 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.