Fairway Wealth LLC Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fairway Wealth LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 18.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 202 shares of the Internet television network’s stock after selling 47 shares during the quarter. Fairway Wealth LLC’s holdings in Netflix were worth $143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFLX. Vanguard Group Inc. lifted its position in Netflix by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after acquiring an additional 149,341 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after purchasing an additional 106,756 shares during the period. Legal & General Group Plc grew its stake in Netflix by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock worth $2,327,738,000 after buying an additional 104,332 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Netflix by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock worth $2,214,488,000 after buying an additional 83,762 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. Evercore ISI raised their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. UBS Group raised their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Macquarie restated an “outperform” rating and issued a $795.00 price objective on shares of Netflix in a research note on Friday, October 18th. Oppenheimer increased their target price on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Benchmark restated a “sell” rating and issued a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $748.15.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock valued at $169,954,456 over the last 90 days. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $795.04 on Friday. The company has a market capitalization of $339.85 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 1.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1-year low of $434.35 and a 1-year high of $799.06. The business has a 50-day moving average of $721.55 and a 200-day moving average of $670.54.

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.