Gilbert & Cook Inc. Has $1.83 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Gilbert & Cook Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,580 shares of the Internet television network’s stock after selling 63 shares during the quarter. Netflix makes up about 0.3% of Gilbert & Cook Inc.’s portfolio, making the stock its 29th biggest position. Gilbert & Cook Inc.’s holdings in Netflix were worth $1,830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Acadian Asset Management LLC raised its position in Netflix by 15.6% in the 1st quarter. Acadian Asset Management LLC now owns 22,840 shares of the Internet television network’s stock valued at $13,868,000 after buying an additional 3,077 shares during the last quarter. Patten & Patten Inc. TN grew its stake in Netflix by 3.2% in the first quarter. Patten & Patten Inc. TN now owns 1,805 shares of the Internet television network’s stock valued at $1,096,000 after purchasing an additional 56 shares in the last quarter. Jacobi Capital Management LLC grew its stake in Netflix by 15.2% in the first quarter. Jacobi Capital Management LLC now owns 912 shares of the Internet television network’s stock valued at $554,000 after purchasing an additional 120 shares in the last quarter. Ironwood Investment Counsel LLC bought a new position in Netflix in the first quarter valued at approximately $306,000. Finally, Trustmark National Bank Trust Department bought a new position in Netflix in the first quarter valued at approximately $1,037,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 205,084 shares of company stock worth $146,747,101. Insiders own 1.76% of the company’s stock.

Netflix Trading Down 1.6 %

Shares of NFLX stock opened at $823.96 on Friday. The stock’s fifty day simple moving average is $735.77 and its 200 day simple moving average is $680.46. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $841.00. The firm has a market capitalization of $352.21 billion, a P/E ratio of 46.63, a P/E/G ratio of 1.59 and a beta of 1.25. 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 released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, sell-side analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. Rosenblatt Securities raised their price target on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Wells Fargo & Company lifted their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Oppenheimer lifted their price target on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $748.15.

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.