Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 30.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 361 shares of the Internet television network’s stock after selling 155 shares during the period. Integrated Investment Consultants LLC’s holdings in Netflix were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. International Assets Investment Management LLC grew its stake in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in Netflix in the first quarter valued at $372,293,000. Swedbank AB purchased a new stake in Netflix in the first quarter valued at $216,538,000. Finally, Jennison Associates LLC lifted its position in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target 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. TD Cowen boosted their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Loop Capital boosted their price target on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,392 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,490,250. This represents a 25.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,074 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at $57,878.20. This represents a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,866 shares of company stock worth $133,393,921. 1.76% of the stock is owned by company insiders.

Netflix Trading Up 0.0 %

Shares of NFLX opened at $897.79 on Friday. 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 firm’s 50-day moving average is $755.40 and its two-hundred day moving average is $690.34. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00. The firm has a market capitalization of $383.77 billion, a P/E ratio of 50.81, a PEG ratio of 1.73 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Netflix 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.