Canal Capital Management LLC Has $1.94 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Canal Capital Management LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,734 shares of the Internet television network’s stock after selling 22 shares during the quarter. Canal Capital Management LLC’s holdings in Netflix were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NFLX. Denver PWM LLC acquired a new stake in Netflix during the second quarter worth approximately $25,000. Valued Wealth Advisors LLC increased its stake 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 worth $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. lifted its holdings 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 purchasing an additional 38 shares during the last quarter. 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, Indiana Trust & Investment Management CO grew its holdings 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 buying an additional 28 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX stock opened at $758.38 on Friday. The firm has a market capitalization of $324.18 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 1.48 and a beta of 1.26. 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 business’s 50-day moving average price is $703.23 and its 200-day moving average price is $657.75. Netflix, Inc. has a 12 month low of $395.62 and a 12 month high of $773.00.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was 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 $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,043,019.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 229,711 shares of company stock worth $153,905,830 in the last quarter. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. Loop Capital lifted their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Pivotal Research boosted their price objective on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday, October 18th. Benchmark reaffirmed a “sell” rating and set a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Canaccord Genuity Group lifted their price target on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 18th. Finally, Barclays reissued an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Two investment 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 company. Based on data from MarketBeat, the company currently has an average 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.