Netflix, Inc. (NASDAQ:NFLX) Holdings Lowered by Financial Insights Inc.

Financial Insights Inc. trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 801 shares of the Internet television network’s stock after selling 23 shares during the quarter. Financial Insights Inc.’s holdings in Netflix were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of Netflix by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 24,810 shares of the Internet television network’s stock worth $17,597,000 after purchasing an additional 1,060 shares in the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of Netflix by 40.7% in the 3rd quarter. Stanley Laman Group Ltd. now owns 1,079 shares of the Internet television network’s stock worth $765,000 after purchasing an additional 312 shares in the last quarter. Symphony Financial Ltd. Co. raised its holdings in shares of Netflix by 1.0% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 2,565 shares of the Internet television network’s stock worth $1,814,000 after purchasing an additional 25 shares in the last quarter. Blodgett Wealth Advisors LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $301,000. Finally, Waldron Private Wealth LLC raised its holdings in shares of Netflix by 4.1% in the 3rd quarter. Waldron Private Wealth LLC now owns 3,210 shares of the Internet television network’s stock worth $2,277,000 after purchasing an additional 125 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $825.00 target price (up from $770.00) on shares of Netflix in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Pivotal Research boosted their target price on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $747.70.

Insider Transactions at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction on Friday, October 18th. The shares were 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 directly owns 35,262 shares in the company, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction on Friday, October 18th. The shares were 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 directly owns 35,262 shares in the company, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the transaction, the chairman now owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of Netflix stock opened at $764.24 on Wednesday. The firm has a fifty day simple moving average of $701.48 and a 200-day simple moving average of $657.11. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00. The stock has a market capitalization of $329.39 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 1.49 and a beta of 1.26.

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.