Netflix, Inc. (NASDAQ:NFLX) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 0.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 346,176 shares of the Internet television network’s stock after selling 3,133 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Netflix were worth $243,434,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Denver PWM LLC acquired a new position in Netflix in the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC raised its stake in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the period. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. AlphaMark Advisors LLC grew its stake 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 acquiring an additional 45 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in Netflix in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $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 is accessible through this hyperlink. In other Netflix news, insider David A. Hyman sold 13,791 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock worth $153,905,830 in the last three months. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.0 %

Shares of NFLX stock opened at $754.68 on Friday. The company has a market capitalization of $322.60 billion, a P/E ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $706.67 and its two-hundred day moving average is $659.59. Netflix, Inc. has a twelve month low of $395.62 and a twelve month high of $773.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFLX. Guggenheim raised their price target on shares of Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Canaccord Genuity Group lifted their price target on Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. Wedbush increased their price objective on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Barclays reaffirmed an “underweight” rating and set a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Finally, Needham & Company LLC increased their target price on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $747.70.

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.