Netflix, Inc. (NASDAQ:NFLX) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,563 shares of the Internet television network’s stock after selling 285 shares during the period. Netflix comprises approximately 0.6% of IFM Investors Pty Ltd’s holdings, making the stock its 23rd biggest position. IFM Investors Pty Ltd’s holdings in Netflix were worth $62,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Denver PWM LLC bought a new stake in Netflix in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. lifted its position in 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 purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC lifted 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 purchasing an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NFLX shares. Bank of America upped their price target on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Benchmark reaffirmed a “sell” rating and issued a $545.00 price target on shares of Netflix in a research note on Tuesday, October 15th. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 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. Finally, Macquarie reaffirmed an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $747.70.

Netflix Stock Up 0.2 %

Netflix stock traded up $1.23 during trading hours on Thursday, hitting $750.52. The company had a trading volume of 951,089 shares, compared to its average volume of 3,717,839. The firm has a market capitalization of $323.47 billion, a P/E ratio of 52.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s fifty day moving average is $703.23 and its 200-day moving average is $657.75. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00.

Netflix 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.