Netflix, Inc. (NFLX) Shares Sold by Regal Investment Advisors LLC

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Regal Investment Advisors LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 586 shares of the Internet television network’s stock after selling 197 shares during the period. Regal Investment Advisors LLC’s holdings in Netflix were worth $209,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NFLX. Versant Capital Management Inc increased its holdings in Netflix by 59.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 35 shares during the period. Clarfeld Financial Advisors LLC acquired a new stake in Netflix in the fourth quarter valued at $27,000. Pearl River Capital LLC acquired a new stake in Netflix in the fourth quarter valued at $30,000. Citizens Financial Group Inc RI increased its holdings in Netflix by 750.0% in the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 120 shares during the period. Finally, CNB Bank acquired a new stake in Netflix in the fourth quarter valued at $43,000. Institutional investors own 77.06% of the company’s stock.

In other news, CEO Reed Hastings sold 56,966 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $370.74, for a total transaction of $21,119,574.84. Following the transaction, the chief executive officer now owns 56,966 shares of the company’s stock, valued at approximately $21,119,574.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 166,838 shares of company stock worth $60,415,372 in the last three months. Insiders own 4.29% of the company’s stock.

A number of brokerages have commented on NFLX. Barclays reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, May 16th. Imperial Capital cut their price target on shares of Netflix from $463.00 to $458.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. BidaskClub raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, Royal Bank of Canada set a $480.00 price target on shares of Netflix and gave the company a “buy” rating in a research report on Thursday, April 18th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netflix has an average rating of “Buy” and a consensus price target of $385.03.

NFLX stock opened at $354.39 on Monday. The stock has a market cap of $154.95 billion, a PE ratio of 132.24, a P/E/G ratio of 3.54 and a beta of 1.33. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a 1 year low of $231.23 and a 1 year high of $423.21.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 3.33 EPS for the current fiscal year.

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Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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