Ashburton Jersey Ltd Cuts Position in Netflix, Inc. (NASDAQ:NFLX)

Ashburton Jersey Ltd lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 63.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 485 shares of the Internet television network’s stock after selling 828 shares during the period. Ashburton Jersey Ltd’s holdings in Netflix were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Baldrige Asset Management LLC increased its stake in Netflix by 156.3% during the 1st quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock worth $28,000 after buying an additional 50 shares in the last quarter. Barrett & Company Inc. purchased a new stake in shares of Netflix in the first quarter valued at approximately $29,000. Retirement Group LLC grew its position in shares of Netflix by 52.6% in the first quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 30 shares in the last quarter. Manchester Capital Management LLC grew its position in shares of Netflix by 8,700.0% in the first quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 87 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its holdings in Netflix by 80.0% in the first quarter. Silicon Valley Capital Partners now owns 90 shares of the Internet television network’s stock valued at $31,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 1,022 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total value of $460,094.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard N. Barton sold 500 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $438.52, for a total value of $219,260.00. Following the completion of the sale, the director now owns 86 shares in the company, valued at $37,712.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 1,022 shares of Netflix stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total transaction of $460,094.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,377 shares of company stock worth $54,547,674. Company insiders own 2.45% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $434.69 on Wednesday. Netflix, Inc. has a fifty-two week low of $211.73 and a fifty-two week high of $485.00. The company has a market capitalization of $192.63 billion, a price-to-earnings ratio of 46.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The firm has a 50-day simple moving average of $433.17 and a 200-day simple moving average of $382.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 1.33.

Netflix (NASDAQ:NFLX) last announced its earnings results on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.44. Netflix had a net margin of 13.22% and a return on equity of 19.76%. The business had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.29 billion. During the same quarter in the prior year, the firm earned $3.20 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Netflix, Inc. will post 11.92 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Canaccord Genuity Group upped their price objective on Netflix from $470.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and upped their price target for the stock from $425.00 to $500.00 in a research note on Friday, August 25th. Rosenblatt Securities upped their price target on Netflix from $358.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Robert W. Baird upgraded Netflix from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $340.00 to $500.00 in a research note on Monday, July 24th. Finally, Barclays upped their price target on Netflix from $250.00 to $375.00 in a research note on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $432.91.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.