Selkirk Management LLC Has $6.23 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Selkirk Management LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,230 shares of the Internet television network's stock after selling 720 shares during the quarter. Netflix accounts for about 2.9% of Selkirk Management LLC's portfolio, making the stock its 12th largest position. Selkirk Management LLC's holdings in Netflix were worth $6,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Obermeyer Wood Investment Counsel Lllp raised its position in Netflix by 2.8% in the first quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network's stock valued at $378,000 after purchasing an additional 17 shares during the last quarter. Private Portfolio Partners LLC raised its holdings in Netflix by 1.7% in the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network's stock valued at $633,000 after buying an additional 17 shares during the last quarter. FAS Wealth Partners Inc. boosted its position in Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network's stock worth $786,000 after buying an additional 17 shares during the period. Clear Point Advisors Inc. grew its holdings in Netflix by 3.9% during the 2nd quarter. Clear Point Advisors Inc. now owns 449 shares of the Internet television network's stock worth $303,000 after acquiring an additional 17 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Netflix by 4.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 411 shares of the Internet television network's stock valued at $250,000 after acquiring an additional 18 shares during the period. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. Redburn Atlantic boosted their price objective on shares of Netflix from $740.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, July 19th. Argus upped their price target on Netflix from $660.00 to $767.00 and gave the company a "buy" rating in a research report on Tuesday, July 2nd. Loop Capital raised their price objective on Netflix from $700.00 to $750.00 and gave the stock a "buy" rating in a research report on Tuesday, June 18th. Macquarie reaffirmed an "outperform" rating and issued a $685.00 price objective on shares of Netflix in a research note on Tuesday, July 16th. Finally, The Goldman Sachs Group increased their target price on shares of Netflix from $650.00 to $659.00 and gave the company a "neutral" rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $685.29.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,043,019.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company's stock, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,020 shares of company stock valued at $133,334,342. Insiders own 1.76% of the company's stock.

Netflix Stock Performance

Shares of NFLX stock opened at $711.43 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50-day moving average of $668.14 and a 200-day moving average of $643.69. Netflix, Inc. has a one year low of $344.73 and a one year high of $725.26. The company has a market cap of $306.63 billion, a P/E ratio of 49.37, a P/E/G ratio of 1.44 and a beta of 1.26.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion for the quarter, compared to analysts' expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.29 EPS. Equities research analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Netflix Company 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.

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