Brighton Jones LLC Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Brighton Jones LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 50.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,133 shares of the Internet television network’s stock after selling 5,223 shares during the period. Brighton Jones LLC’s holdings in Netflix were worth $3,641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NFLX. Denver PWM LLC purchased a new position in Netflix during the second quarter worth about $25,000. Valued Wealth Advisors LLC lifted its position in shares of Netflix by 80.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. Proffitt & Goodson Inc. boosted its stake in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in shares of 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 acquiring an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO increased its position in shares of Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now directly owns 35,262 shares in the company, valued at $26,975,430. 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 related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction on 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 directly owns 35,262 shares in the company, valued at $26,975,430. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock valued at $153,905,830 over the last 90 days. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $749.29 on Thursday. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $322.94 billion, a price-to-earnings ratio of 52.00, a PEG ratio of 1.49 and a beta of 1.26. The company’s fifty day moving average price is $703.23 and its 200-day moving average price is $657.75.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. Needham & Company LLC upped their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Evercore ISI increased their price target on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Wells Fargo & Company increased their target price on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Barclays reaffirmed an “underweight” rating and issued a $550.00 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 given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price 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.