Cloverfields Capital Group LP Has $2.75 Million Position in…

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Cloverfields Capital Group LP lowered its holdings in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,962 shares of the Internet television network’s stock after selling 1,111 shares during the quarter. Netflix comprises about 0.9% of Cloverfields Capital Group LP’s investment portfolio, making the stock its 19th largest position. Cloverfields Capital Group LP’s holdings in Netflix were worth $2,751,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NFLX. Baldrige Asset Management LLC lifted its stake in shares of Netflix by 156.3% during the first quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock valued at $28,000 after acquiring an additional 50 shares during the period. Tanglewood Legacy Advisors LLC acquired a new position in Netflix in the fourth quarter valued at about $29,000. Barrett & Company Inc. acquired a new position in Netflix in the first quarter valued at about $29,000. Manchester Capital Management LLC lifted its stake in 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 buying an additional 87 shares during the period. Finally, Retirement Group LLC lifted its stake in 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 buying an additional 30 shares during the period. Institutional investors and hedge funds own 79.95% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total transaction of $460,094.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Netflix news, CEO Theodore A. Sarandos sold 55,386 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $431.10, for a total transaction of $23,876,904.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy M. Haley sold 1,022 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $450.19, for a total value of $460,094.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,877 shares of company stock valued at $54,326,139. Insiders own 2.45% of the company’s stock.

Netflix Stock Performance

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NASDAQ:NFLX traded down $0.34 during mid-day trading on Friday, hitting $442.80. 2,704,353 shares of the stock were exchanged, compared to its average volume of 4,243,437. The stock has a market capitalization of $196.23 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 1.47 and a beta of 1.29. The firm’s 50-day simple moving average is $433.23 and its 200 day simple moving average is $380.53. 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, Inc. has a fifty-two week low of $211.73 and a fifty-two week high of $485.00.

Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly 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. The business had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Netflix had a return on equity of 19.76% and a net margin of 13.22%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $3.20 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 11.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NFLX shares. Barclays increased their price target on Netflix from $250.00 to $375.00 in a report on Wednesday, June 14th. Morgan Stanley restated an “equal weight” rating and issued a $450.00 price target on shares of Netflix in a report on Thursday, July 20th. Jefferies Financial Group increased their price target on Netflix from $440.00 to $520.00 in a report on Tuesday, July 18th. Oppenheimer restated an “outperform” rating and issued a $515.00 price target on shares of Netflix in a report on Wednesday, August 23rd. Finally, Bank of America increased their price target on Netflix from $490.00 to $525.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.91.

Read Our Latest Stock Analysis on Netflix

Netflix Profile

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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.