Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Financial Insights Inc.

Financial Insights Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 SEC.

Other hedge funds have also recently bought and sold shares of the company. DigitalBridge Group Inc. boosted its position in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after acquiring an additional 9,451 shares during the last quarter. M&G Plc acquired a new stake in Netflix during the first quarter worth approximately $9,682,000. BSN CAPITAL PARTNERS Ltd boosted its position in Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after acquiring an additional 49,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Netflix by 58.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock worth $55,968,000 after acquiring an additional 30,511 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in Netflix by 14.9% during the first quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock worth $6,274,000 after acquiring an additional 1,342 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated 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 transaction, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $631.43, for a total value of $16,163,976.57. Following the sale, the chairman now directly owns 57 shares in the company, valued at $35,991.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 229,711 shares of company stock valued at $153,905,830. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Bank of America raised their target price on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. TD Cowen increased their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Evercore ISI increased their price target on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Guggenheim increased their price target on shares of Netflix from $735.00 to $810.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Netflix Trading Down 1.0 %

NASDAQ NFLX opened at $764.24 on Wednesday. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The company has a 50-day simple moving average of $701.48 and a 200-day simple moving average of $657.11. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $329.39 billion, a PE ratio of 53.04, a price-to-earnings-growth 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.