Rowlandmiller & PARTNERS.ADV Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Rowlandmiller & PARTNERS.ADV reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 801 shares of the Internet television network’s stock after selling 40 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Netflix were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NFLX. Wealthcare Advisory Partners LLC boosted its position in shares of Netflix by 10.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock worth $1,225,000 after buying an additional 187 shares in the last quarter. Thrive Wealth Management LLC boosted its position in shares of Netflix by 4.8% in the 1st quarter. Thrive Wealth Management LLC now owns 571 shares of the Internet television network’s stock worth $347,000 after buying an additional 26 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Netflix by 35.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 2,069 shares of the Internet television network’s stock worth $1,257,000 after buying an additional 539 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares in the last quarter. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of Netflix in the 1st quarter worth about $232,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NFLX shares. UBS Group boosted their target price on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. China Renaissance started coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Morgan Stanley boosted their target price on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Pivotal Research boosted their target price on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a research note on Friday, October 18th. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $747.70.

Netflix Stock Up 0.7 %

NFLX stock opened at $754.55 on Friday. Netflix, Inc. has a twelve month low of $395.62 and a twelve month high of $773.00. 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 company has a market capitalization of $322.54 billion, a P/E ratio of 42.70, a PEG ratio of 1.48 and a beta of 1.26. The firm has a 50 day simple moving average of $703.23 and a 200-day simple moving average of $657.75.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the transaction, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total transaction of $271,140.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 229,711 shares of company stock valued at $153,905,830. 1.76% of the stock is currently owned by corporate insiders.

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.