Glenmede Trust Co. NA Sells 1,037 Shares of Netflix, Inc. (NASDAQ:NFLX)

Glenmede Trust Co. NA lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,286 shares of the Internet television network’s stock after selling 1,037 shares during the period. Glenmede Trust Co. NA’s holdings in Netflix were worth $95,245,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Denver PWM LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $25,000. Proffitt & Goodson Inc. lifted 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 purchasing an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the period. AlphaMark Advisors LLC increased its position in shares of Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Netflix during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. Needham & Company LLC boosted their price objective on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Rosenblatt Securities upped their price target on shares of Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. UBS Group upped their target price on Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, KeyCorp raised their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $764.82.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $872.60 on Wednesday. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00. 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 company has a market cap of $373.00 billion, a PE ratio of 49.38, a price-to-earnings-growth ratio of 1.67 and a beta of 1.25. The company’s 50 day moving average is $762.10 and its 200 day moving average is $695.13.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, sell-side analysts forecast that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,490,250. This represents a 25.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at approximately $57,878.20. The trade was a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,866 shares of company stock worth $133,393,921. 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.