Weatherly Asset Management L. P. lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,778 shares of the Internet television network's stock after selling 1,083 shares during the quarter. Netflix makes up about 2.9% of Weatherly Asset Management L. P.'s investment portfolio, making the stock its 5th largest holding. Weatherly Asset Management L. P.'s holdings in Netflix were worth $33,179,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Denver PWM LLC acquired a new stake in shares of Netflix during the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. grew its position in shares of Netflix by 380.0% in the second 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. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC boosted its stake 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 period. Finally, Triad Wealth Partners LLC bought a new position in Netflix during the 2nd quarter worth $38,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
NFLX has been the subject of several analyst reports. Wedbush lifted their price objective on shares of Netflix from $725.00 to $775.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. Bank of America upped their target price on Netflix from $740.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Oppenheimer raised their price target on Netflix from $775.00 to $825.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. KeyCorp increased their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Macquarie reaffirmed an "outperform" rating and set a $795.00 price target on shares of Netflix in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $748.15.
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NFLX opened at $756.10 on Friday. Netflix, Inc. has a 1-year low of $417.10 and a 1-year high of $773.00. The company has a market cap of $323.20 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 1.45 and a beta of 1.26. The company's fifty day moving average price is $712.96 and its two-hundred day moving average price is $664.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.
In related news, Director Richard N. Barton sold 5,698 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $185,976. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Netflix news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the completion of the sale, the director now owns 246 shares in the company, valued at approximately $185,976. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the company's stock in a transaction that occurred 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 directly owns 85 shares of the company's stock, valued at approximately $60,023.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 209,810 shares of company stock worth $142,049,542 in the last quarter. Insiders own 1.76% of the company's stock.
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.
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