Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Country Club Bank

Country Club Bank lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 16.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,942 shares of the Internet television network’s stock after selling 761 shares during the period. Country Club Bank’s holdings in Netflix were worth $2,788,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in 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 buying an additional 5,748,200 shares during the period. GQG Partners LLC purchased a new position in Netflix in the first quarter valued at $1,450,476,000. Jennison Associates LLC grew its stake in Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after purchasing an additional 929,193 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Netflix in the 1st quarter valued at about $372,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $754.68 on Friday. The stock’s 50-day moving average price is $706.67 and its 200 day moving average price is $659.30. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $322.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 52-week low of $395.62 and a 52-week high of $773.00.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. UBS Group boosted their price objective on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Pivotal Research lifted their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Canaccord Genuity Group increased their price objective 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. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price objective (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Finally, Wells Fargo & Company boosted their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $747.70.

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.