Ferguson Wellman Capital Management Inc. Has $377,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Ferguson Wellman Capital Management Inc. trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 531 shares of the Internet television network’s stock after selling 143 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Netflix were worth $377,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Denver PWM LLC bought a new position in shares of Netflix during the second quarter worth about $25,000. Valued Wealth Advisors LLC boosted its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in Netflix by 112.0% in the first 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 in the last quarter. Proffitt & Goodson Inc. increased 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 purchasing an additional 38 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Leslie J. Kilgore sold 383 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares in the company, valued at $25,741,260. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $25,741,260. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction 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 sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NFLX stock opened at $763.89 on Friday. Netflix, Inc. has a 1 year low of $392.26 and a 1 year high of $766.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $329.24 billion, a price-to-earnings ratio of 53.01, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a 50 day simple moving average of $696.38 and a 200 day simple moving average of $654.94.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 earnings per share. Research analysts anticipate that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday. Loop Capital raised their target price on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday. Macquarie reissued an “outperform” rating and set a $795.00 price target on shares of Netflix in a research report on Friday. Wells Fargo & Company raised their price objective on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday. Two equities research 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $747.70.

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.