First Pacific Financial Sells 142 Shares of Netflix, Inc. (NASDAQ:NFLX)

First Pacific Financial cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 62.8% in the 1st quarter, HoldingsChannel reports. The firm owned 84 shares of the Internet television network’s stock after selling 142 shares during the quarter. First Pacific Financial’s holdings in Netflix were worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NFLX. Janus Henderson Group PLC raised its position in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after acquiring an additional 110,432 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Netflix during the 4th quarter worth approximately $873,000. New England Research & Management Inc. raised its holdings in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after purchasing an additional 1,268 shares during the period. First National Trust Co raised its holdings in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after purchasing an additional 12 shares during the period. Finally, Haven Private LLC purchased a new position in Netflix in the fourth quarter valued at approximately $733,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $1,275.25 on Thursday. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,298.00. The company has a fifty day moving average of $1,169.57 and a 200-day moving average of $1,018.04. The company has a market capitalization of $542.71 billion, a P/E ratio of 60.27, a P/E/G ratio of 2.47 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 (NASDAQ:NFLX) last issued 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. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the sale, the director now owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,660 shares of company stock valued at $209,802,025. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. Moffett Nathanson reiterated a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Macquarie lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Monday, April 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,172.73.

About Netflix

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.