IFM Investors Pty Ltd Sells 285 Shares of Netflix, Inc. (NASDAQ:NFLX)

IFM Investors Pty Ltd reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,563 shares of the Internet television network’s stock after selling 285 shares during the period. Netflix accounts for approximately 0.6% of IFM Investors Pty Ltd’s holdings, making the stock its 23rd biggest position. IFM Investors Pty Ltd’s holdings in Netflix were worth $62,106,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Denver PWM LLC bought a new stake in Netflix in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC boosted its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the period. Indiana Trust & Investment Management CO boosted its holdings in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. Proffitt & Goodson Inc. boosted its holdings in Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the period. Finally, AlphaMark Advisors LLC boosted its holdings in Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 0.2 %

Shares of NASDAQ NFLX traded up $1.23 during mid-day trading on Thursday, hitting $750.52. The company’s stock had a trading volume of 951,089 shares, compared to its average volume of 3,717,839. The stock has a market cap of $323.47 billion, a price-to-earnings ratio of 52.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The company’s fifty day simple moving average is $703.23 and its 200-day simple moving average is $657.75.

Insider Activity

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 229,711 shares of company stock valued at $153,905,830. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NFLX. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Benchmark reaffirmed a “sell” rating and set a $545.00 price objective on shares of Netflix in a report on Tuesday, October 15th. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Pivotal Research raised their price objective on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

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.