Cookson Peirce & Co. Inc. Sells 153 Shares of Netflix, Inc. (NASDAQ:NFLX)

Cookson Peirce & Co. Inc. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,485 shares of the Internet television network’s stock after selling 153 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Netflix were worth $4,183,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. 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. Nuveen LLC bought a new stake in Netflix in the first quarter valued at $2,385,585,000. Goldman Sachs Group Inc. increased its stake in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Northern Trust Corp increased its stake in Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after purchasing an additional 570,674 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,204.44 on Thursday. The stock has a market capitalization of $511.80 billion, a P/E ratio of 51.32, a PEG ratio of 2.06 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $1,231.68 and its 200 day moving average is $1,098.52. Netflix, Inc. has a 12 month low of $648.70 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.88 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. The Goldman Sachs Group lifted their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, July 15th. Macquarie lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Monday, April 21st. Finally, Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,297.66.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,286,026.11. The trade was a 15.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock worth $179,443,809 in the last ninety days. Insiders own 1.37% 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.