Netflix, Inc. (NASDAQ:NFLX) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 58.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318 shares of the Internet television network’s stock after selling 454 shares during the period. D.B. Root & Company LLC’s holdings in Netflix were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. M&G PLC increased its holdings in shares of Netflix by 40.8% in the 3rd quarter. M&G PLC now owns 24,768 shares of the Internet television network’s stock valued at $17,561,000 after purchasing an additional 7,182 shares in the last quarter. American Capital Advisory LLC increased its holdings in Netflix by 5,237.5% in the third quarter. American Capital Advisory LLC now owns 1,708 shares of the Internet television network’s stock valued at $1,211,000 after buying an additional 1,676 shares in the last quarter. Donald L. Hagan LLC lifted its position in shares of Netflix by 9.5% during the 3rd quarter. Donald L. Hagan LLC now owns 1,071 shares of the Internet television network’s stock valued at $760,000 after acquiring an additional 93 shares during the period. CV Advisors LLC acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $450,000. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Netflix by 9.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,898 shares of the Internet television network’s stock worth $6,311,000 after acquiring an additional 773 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 2.1 %

Shares of Netflix stock opened at $796.54 on Friday. The company has a fifty day moving average price of $717.59 and a 200 day moving average price of $667.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $433.68 and a twelve month high of $798.22. The stock has a market cap of $340.49 billion, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock valued at $169,954,456 over the last quarter. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. China Renaissance assumed coverage on Netflix in a research report on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. Evercore ISI lifted their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. 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 report on Friday, October 18th. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity Group upped their target price on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

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.