Bank of Hawaii decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 20.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,976 shares of the Internet television network’s stock after selling 768 shares during the period. Bank of Hawaii’s holdings in Netflix were worth $1,061,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. State of Tennessee Treasury Department raised its holdings in shares of Netflix by 6.0% in the 4th quarter. State of Tennessee Treasury Department now owns 293,123 shares of the Internet television network’s stock valued at $78,457,000 after purchasing an additional 16,622 shares in the last quarter. Usca Ria LLC raised its holdings in shares of Netflix by 6.8% in the 4th quarter. Usca Ria LLC now owns 2,052 shares of the Internet television network’s stock valued at $549,000 after purchasing an additional 130 shares in the last quarter. Bach Investment Advisors Ltd raised its holdings in shares of Netflix by 128.9% in the 1st quarter. Bach Investment Advisors Ltd now owns 1,224 shares of the Internet television network’s stock valued at $436,000 after purchasing an additional 5,465 shares in the last quarter. Telos Capital Management Inc. raised its holdings in shares of Netflix by 21.7% in the 1st quarter. Telos Capital Management Inc. now owns 1,236 shares of the Internet television network’s stock valued at $441,000 after purchasing an additional 220 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its holdings in shares of Netflix by 58.1% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 2,176 shares of the Internet television network’s stock valued at $776,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 77.02% of the company’s stock.

NFLX has been the subject of several recent research reports. Rosenblatt Securities restated a “hold” rating on shares of Netflix in a report on Wednesday, April 17th. UBS Group reduced their price target on shares of Netflix from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. SunTrust Banks restated a “buy” rating on shares of Netflix in a report on Friday, April 12th. Barclays reiterated a “buy” rating on shares of Netflix in a research note on Thursday, May 16th. Finally, ValuEngine lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. 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 assigned a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and a consensus price target of $385.03.

NASDAQ:NFLX opened at $336.63 on Tuesday. The company has a market cap of $150.09 billion, a price-to-earnings ratio of 125.61, a P/E/G ratio of 3.42 and a beta of 1.30. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $423.21. 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 (NASDAQ:NFLX) last released its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a net margin of 7.61% and a return on equity of 24.75%. Netflix’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.34 earnings per share for the current year.

In other Netflix news, CEO Reed Hastings sold 57,414 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $348.88, for a total transaction of $20,030,596.32. Following the sale, the chief executive officer now owns 57,414 shares of the company’s stock, valued at approximately $20,030,596.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 166,838 shares of company stock worth $60,415,372. 3.72% of the stock is owned by insiders.

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About Netflix

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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