Gilbert & Cook Inc. Has $1.83 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Gilbert & Cook Inc. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 2,580 shares of the Internet television network’s stock after selling 63 shares during the period. Netflix comprises about 0.3% of Gilbert & Cook Inc.’s portfolio, making the stock its 29th largest holding. Gilbert & Cook Inc.’s holdings in Netflix were worth $1,830,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Netflix by 6.6% in the third quarter. Thrivent Financial for Lutherans now owns 70,276 shares of the Internet television network’s stock worth $49,844,000 after purchasing an additional 4,348 shares during the last quarter. Claro Advisors LLC raised its stake in shares of Netflix by 47.6% in the third quarter. Claro Advisors LLC now owns 3,679 shares of the Internet television network’s stock worth $2,609,000 after purchasing an additional 1,186 shares during the last quarter. Adero Partners LLC raised its stake in shares of Netflix by 2.5% in the third quarter. Adero Partners LLC now owns 860 shares of the Internet television network’s stock worth $610,000 after purchasing an additional 21 shares during the last quarter. Atlanta Consulting Group Advisors LLC raised its stake in shares of Netflix by 386.5% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,306 shares of the Internet television network’s stock worth $1,636,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Accredited Investors Inc. raised its stake in shares of Netflix by 11.4% in the third quarter. Accredited Investors Inc. now owns 946 shares of the Internet television network’s stock worth $671,000 after purchasing an additional 97 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wedbush increased their price objective on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, UBS Group lifted their price target on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 30.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,644 shares of Netflix stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This trade represents a 26.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock valued at $146,747,101 over the last 90 days. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX opened at $823.96 on Friday. The firm has a market capitalization of $352.21 billion, a price-to-earnings ratio of 46.63, a P/E/G ratio of 1.59 and a beta of 1.25. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $841.00. The stock has a fifty day moving average of $735.77 and a 200 day moving average of $680.46. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Netflix 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.