Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 51.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,422 shares of the Internet television network’s stock after selling 10,100 shares during the quarter. Netflix accounts for 2.5% of Gordian Capital Singapore Pte Ltd’s holdings, making the stock its 8th largest position. Gordian Capital Singapore Pte Ltd’s holdings in Netflix were worth $6,683,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter valued at about $25,000. Denver PWM LLC acquired a new stake in shares of Netflix during the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. lifted its position in shares of 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 acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. Finally, AlphaMark Advisors LLC grew its position in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the transaction, the director now owns 95,040 shares in the company, valued at $65,299,132.80. This represents a 31.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 209,155 shares of company stock valued at $159,682,799. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NFLX. Loop Capital increased their target price on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Guggenheim raised their price objective on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $840.00 price objective (up from $800.00) on shares of Netflix 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $783.00.

Netflix Stock Performance

NFLX opened at $934.74 on Monday. Netflix, Inc. has a 12-month low of $448.32 and a 12-month high of $935.27. The firm has a market capitalization of $399.56 billion, a P/E ratio of 52.90, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The stock’s 50 day moving average price is $792.92 and its two-hundred day moving average price is $710.61. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.