Omnia Family Wealth LLC Sells 21 Shares of Netflix, Inc. (NASDAQ:NFLX)

Omnia Family Wealth LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 382 shares of the Internet television network’s stock after selling 21 shares during the period. Omnia Family Wealth LLC’s holdings in Netflix were worth $271,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Denver PWM LLC acquired a new position in Netflix during the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. grew its holdings 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 valued at $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares in the last quarter. Finally, First Personal Financial Services bought a new position in Netflix during the third quarter worth about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Gregory K. Peters sold 4,644 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $22,127,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 205,084 shares of company stock worth $146,747,101 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock traded up $5.50 during midday trading on Thursday, hitting $835.97. 911,635 shares of the company were exchanged, compared to its average volume of 3,649,669. The firm has a market capitalization of $357.34 billion, a P/E ratio of 47.55, a PEG ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $841.00. The firm’s 50 day moving average price is $729.53 and its two-hundred day moving average price is $676.61.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NFLX. TD Cowen increased their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on Netflix in a research note on Friday, October 18th. Wells Fargo & Company lifted their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. KeyCorp raised their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Bank of America upped their target price on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $748.15.

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.