DekaBank Deutsche Girozentrale Sells 3,133 Shares of Netflix, Inc. (NASDAQ:NFLX)

DekaBank Deutsche Girozentrale reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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 owned approximately 0.08% of Netflix worth $243,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Denver PWM LLC acquired a new position in Netflix in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC increased its position in shares of Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares during the last quarter. Proffitt & Goodson Inc. lifted its stake in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. AlphaMark Advisors LLC boosted its position 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 buying an additional 45 shares during the period. Finally, Triad Wealth Partners LLC acquired a new position in shares of Netflix during the second quarter worth about $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Leslie J. Kilgore sold 358 shares of the firm’s 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 sale, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 433 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock valued at $153,905,830 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Up 0.0 %

Shares of Netflix stock opened at $754.68 on Friday. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00. The company’s fifty day simple moving average is $706.67 and its 200-day simple moving average is $659.59. The stock has a market capitalization of $322.60 billion, a PE ratio of 42.71, a P/E/G ratio of 1.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95.

Analyst Ratings Changes

A number of research analysts recently issued reports on NFLX shares. Redburn Atlantic raised their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Macquarie reissued an “outperform” rating and set a $795.00 price objective on shares of Netflix in a report on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Guggenheim boosted their target price 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. Finally, Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

About Netflix

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.