Netflix, Inc. (NASDAQ:NFLX) Holdings Decreased by Grey Fox Wealth Advisors LLC

Grey Fox Wealth Advisors LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506 shares of the Internet television network’s stock after selling 194 shares during the quarter. Grey Fox Wealth Advisors LLC’s holdings in Netflix were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Denver PWM LLC purchased a new position in Netflix in the second quarter valued at about $25,000. Valued Wealth Advisors LLC grew its stake in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. Proffitt & Goodson Inc. grew its stake in 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 in the last quarter. AlphaMark Advisors LLC grew its stake in Netflix by 642.9% in the second 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 in the last quarter. Finally, Indiana Trust & Investment Management CO grew its stake in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 229,711 shares of company stock valued at $153,905,830 in the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent research reports. Macquarie restated an “outperform” rating and issued a $795.00 target price on shares of Netflix in a research note on Friday, October 18th. Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Wells Fargo & Company boosted their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. UBS Group boosted their target price on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, KeyCorp boosted their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two 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. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $747.70.

Netflix Trading Down 2.0 %

Netflix stock opened at $749.29 on Thursday. The business has a 50 day moving average price of $703.23 and a two-hundred day moving average price of $657.75. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. The stock has a market cap of $322.94 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 12 month low of $395.62 and a 12 month high of $773.00.

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.