Canal Capital Management LLC Sells 22 Shares of Netflix, Inc. (NASDAQ:NFLX)

Canal Capital Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,734 shares of the Internet television network’s stock after selling 22 shares during the quarter. Canal Capital Management LLC’s holdings in Netflix were worth $1,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its holdings in shares of Netflix by 10.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock worth $1,225,000 after buying an additional 187 shares in the last quarter. Thrive Wealth Management LLC increased its holdings in Netflix by 4.8% during the 1st quarter. Thrive Wealth Management LLC now owns 571 shares of the Internet television network’s stock valued at $347,000 after purchasing an additional 26 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in Netflix by 35.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 2,069 shares of the Internet television network’s stock valued at $1,257,000 after purchasing an additional 539 shares in the last quarter. Indiana Trust & Investment Management CO raised its position in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. Finally, Capital Asset Advisory Services LLC acquired a new position in Netflix in the first quarter worth $232,000. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Citigroup boosted their target price on shares of Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Canaccord Genuity Group increased their price target on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Sanford C. Bernstein boosted their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, TD Cowen increased their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $758.38 on Friday. The company has a fifty day moving average price of $703.23 and a 200 day moving average price of $657.75. The firm has a market cap of $324.18 billion, a PE ratio of 42.70, a PEG ratio of 1.48 and a beta of 1.26. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Netflix news, CFO Spencer Adam Neumann sold 433 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is owned by corporate insiders.

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.