Keudell Morrison Wealth Management Has $877,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Keudell Morrison Wealth Management trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,236 shares of the Internet television network’s stock after selling 58 shares during the period. Keudell Morrison Wealth Management’s holdings in Netflix were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New World Advisors LLC grew its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after buying an additional 14 shares during the period. Heartland Bank & Trust Co grew its stake in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after buying an additional 15 shares during the period. Cedrus LLC grew its stake in shares of Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after buying an additional 15 shares during the period. Capstone Triton Financial Group LLC grew its stake in shares of Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after buying an additional 15 shares during the period. Finally, Meritas Wealth Management LLC grew its stake in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on NFLX. Rosenblatt Securities raised their target price on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. China Renaissance initiated coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Wedbush lifted their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group set a $750.00 price target on Netflix in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Stock Performance

NFLX stock traded up $6.68 during midday trading on Thursday, reaching $786.89. 457,184 shares of the company’s stock traded hands, compared to its average volume of 3,671,000. The company has a 50-day moving average price of $717.59 and a two-hundred day moving average price of $667.98. 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, Inc. has a 52 week low of $433.68 and a 52 week high of $787.28. The firm has a market capitalization of $336.36 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Insider Buying and Selling at Netflix

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. Insiders have sold 242,112 shares of company stock valued at $169,954,456 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

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.