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

Sloy Dahl & Holst LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,579 shares of the Internet television network’s stock after selling 66 shares during the period. Netflix makes up 0.9% of Sloy Dahl & Holst LLC’s holdings, making the stock its 12th biggest holding. Sloy Dahl & Holst LLC’s holdings in Netflix were worth $3,996,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. KFA Private Wealth Group LLC raised its holdings in shares of Netflix by 1.9% during the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares during the period. Legacy Capital Group California Inc. raised its holdings in shares of Netflix by 0.6% during the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock valued at $1,379,000 after buying an additional 18 shares during the period. Founders Financial Alliance LLC raised its holdings in shares of Netflix by 2.4% during the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock valued at $369,000 after buying an additional 18 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of Netflix by 4.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network’s stock valued at $250,000 after buying an additional 18 shares during the period. Finally, Addison Advisors LLC raised its holdings in shares of Netflix by 7.8% during the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after buying an additional 20 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore ISI upped their target price on Netflix from $650.00 to $700.00 and gave the company an “outperform” rating in a research report on Tuesday, May 28th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 target price (down from $720.00) on shares of Netflix in a research report on Friday, April 19th. Citigroup upped their target price on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. upped their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, KeyCorp upped their target price on Netflix from $705.00 to $707.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $637.34.

Insider Activity

In other news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $15,443.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The disclosure for this sale can be found here. Insiders sold a total of 71,385 shares of company stock valued at $44,469,351 over the last three months. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock traded up $1.35 during trading on Wednesday, hitting $680.93. The stock had a trading volume of 194,124 shares, compared to its average volume of 3,935,677. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $689.88. The firm has a market cap of $293.48 billion, a P/E ratio of 47.16, a PEG ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day moving average of $631.31 and a two-hundred day moving average of $586.51.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the business posted $2.88 earnings per share. Netflix’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

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.