Fairway Wealth LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fairway Wealth LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202 shares of the Internet television network’s stock after selling 47 shares during the period. Fairway Wealth LLC’s holdings in Netflix were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Empowered Funds LLC lifted its position in Netflix by 13.9% during the first quarter. Empowered Funds LLC now owns 7,750 shares of the Internet television network’s stock valued at $4,707,000 after acquiring an additional 945 shares during the last quarter. Smithfield Trust Co boosted its position in shares of Netflix by 3.5% in the 1st quarter. Smithfield Trust Co now owns 596 shares of the Internet television network’s stock worth $364,000 after purchasing an additional 20 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Netflix by 14.6% during the 1st quarter. KCM Investment Advisors LLC now owns 620 shares of the Internet television network’s stock worth $377,000 after buying an additional 79 shares during the last quarter. Montag A & Associates Inc. grew its stake in Netflix by 63.0% during the 1st quarter. Montag A & Associates Inc. now owns 10,845 shares of the Internet television network’s stock worth $6,586,000 after buying an additional 4,191 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in Netflix in the first quarter valued at about $246,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.2 %

Shares of NFLX stock opened at $795.04 on Friday. Netflix, Inc. has a twelve month low of $434.35 and a twelve month high of $799.06. The stock has a market cap of $339.85 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 1.50 and a beta of 1.25. The company’s 50-day moving average price is $721.55 and its 200-day moving average price is $670.54. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were 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 of the company’s stock, valued at $24,202,828.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider David A. Hyman sold 267 shares of Netflix 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 completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The disclosure for this sale can be found here. Insiders sold a total of 242,112 shares of company stock valued at $169,954,456 over the last quarter. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NFLX shares. Sanford C. Bernstein upped their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Guggenheim raised their target price on Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC boosted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Redburn Atlantic increased their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.