Knuff & Co LLC Sells 24 Shares of Netflix, Inc. (NASDAQ:NFLX)

Knuff & Co LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,858 shares of the Internet television network’s stock after selling 24 shares during the period. Netflix accounts for approximately 3.9% of Knuff & Co LLC’s holdings, making the stock its 5th largest holding. Knuff & Co LLC’s holdings in Netflix were worth $12,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bahl & Gaynor Inc. boosted its holdings in Netflix by 10.7% in the 1st quarter. Bahl & Gaynor Inc. now owns 685 shares of the Internet television network’s stock worth $416,000 after buying an additional 66 shares during the last quarter. Vaughan David Investments LLC IL acquired a new stake in Netflix in the 1st quarter valued at about $221,000. InterOcean Capital Group LLC lifted its stake in Netflix by 20.9% in the 1st quarter. InterOcean Capital Group LLC now owns 2,140 shares of the Internet television network’s stock worth $1,300,000 after purchasing an additional 370 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Netflix during the 1st quarter worth approximately $2,975,000. Finally, Payden & Rygel Investment Group purchased a new stake in Netflix in the 1st quarter valued at $1,342,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NFLX. Evercore ISI boosted their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $950.00 price target (up previously from $800.00) on shares of Netflix in a research note on Monday. Bank of America lifted their price target on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Citigroup increased their price objective on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, UBS Group lifted their target price on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $753.45.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the firm’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 transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,277 shares of company stock worth $132,875,601. 1.76% of the stock is currently owned by insiders.

Netflix Stock Up 2.8 %

Netflix stock opened at $847.05 on Tuesday. The stock’s fifty day moving average is $739.20 and its two-hundred day moving average is $683.35. The stock has a market cap of $362.08 billion, a PE ratio of 47.94, a P/E/G ratio of 1.59 and a beta of 1.25. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $848.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side 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.