Banco Santander S.A. Sells 2,883 Shares of Netflix, Inc. (NASDAQ:NFLX)

Banco Santander S.A. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,540 shares of the Internet television network’s stock after selling 2,883 shares during the quarter. Netflix makes up 0.5% of Banco Santander S.A.’s portfolio, making the stock its 27th largest holding. Banco Santander S.A.’s holdings in Netflix were worth $42,939,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Denver PWM LLC bought a new stake in shares of Netflix during the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. increased 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 valued at $32,000 after buying an additional 38 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Netflix by 642.9% during 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 during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the third quarter worth about $37,000. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This trade represents a 0.84 % 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, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,866 shares of company stock worth $133,393,921 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $889.00 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $747.20 and its 200-day moving average is $686.80. Netflix, Inc. has a 1-year low of $445.73 and a 1-year high of $890.60. The firm has a market cap of $380.01 billion, a P/E ratio of 50.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Equities research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price target on shares of Netflix from $750.00 to $760.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. Needham & Company LLC lifted their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Macquarie reaffirmed an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $764.82.

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.