D.B. Root & Company LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 58.8% during the third quarter, HoldingsChannel.com reports. The firm owned 318 shares of the Internet television network’s stock after selling 454 shares during the period. D.B. Root & Company LLC’s holdings in Netflix were worth $226,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. New World Advisors LLC boosted its position in shares of Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co boosted its holdings in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC grew its position in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC increased its holdings in shares of Netflix by 0.6% during the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares during the period. Finally, Meritas Wealth Management LLC raised its position in shares of Netflix by 2.9% during the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.
Netflix Stock Up 2.1 %
NASDAQ:NFLX opened at $796.54 on Friday. The stock’s fifty day simple moving average is $717.59 and its 200-day simple moving average is $667.98. The firm has a market capitalization of $340.49 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $433.68 and a 12-month high of $798.22.
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Insiders Place Their Bets
In other news, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total transaction of $334,319.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 242,112 shares of company stock worth $169,954,456. Insiders own 1.76% of the company’s stock.
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.
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