Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 801 shares of the Internet television network’s stock after selling 40 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Netflix were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC lifted its stake in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. GQG Partners LLC bought a new stake in Netflix in the first quarter valued at $1,450,476,000. Jennison Associates LLC lifted its stake in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in Netflix in the first quarter valued at $372,293,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock valued at $153,905,830 in the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 0.7 %

NASDAQ:NFLX opened at $754.55 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. The stock’s 50-day moving average is $703.23 and its two-hundred day moving average is $657.75. The stock has a market cap of $322.54 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Analyst Ratings Changes

A number of research firms have issued reports on NFLX. TD Cowen raised their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Redburn Atlantic lifted their price objective on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Guggenheim lifted their price objective on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $747.70.

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.