Avitas Wealth Management LLC Sells 126 Shares of Netflix, Inc. (NASDAQ:NFLX)

Avitas Wealth Management LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,212 shares of the Internet television network’s stock after selling 126 shares during the quarter. Avitas Wealth Management LLC’s holdings in Netflix were worth $3,697,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Denver PWM LLC acquired a new stake in Netflix in the second quarter worth about $25,000. Proffitt & Goodson Inc. grew its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the period. AlphaMark Advisors LLC raised 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 worth $35,000 after buying an additional 45 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in Netflix in the second quarter valued at approximately $38,000. Finally, Summit Securities Group LLC bought a new position in Netflix in the second quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 1.4 %

Shares of Netflix stock opened at $759.44 on Wednesday. The stock has a market cap of $324.63 billion, a P/E ratio of 42.98, a P/E/G ratio of 1.45 and a beta of 1.26. 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 $399.41 and a 12-month high of $773.00. The business’s 50 day moving average is $709.10 and its 200-day moving average is $661.69.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. KeyCorp increased their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Sanford C. Bernstein raised their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Evercore ISI boosted their target price on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Wells Fargo & Company increased 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. Finally, UBS Group boosted their price objective on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $748.15.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 433 shares of Netflix stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total value of $271,140.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $626.19, for a total value of $271,140.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,599 shares of Netflix stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the transaction, the chairman now owns 57 shares of the company’s stock, valued at $35,991.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 235,409 shares of company stock valued at $158,213,518. 1.76% of the stock is currently owned by corporate insiders.

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.