Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Omnia Family Wealth LLC

Omnia Family Wealth LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382 shares of the Internet television network’s stock after selling 21 shares during the quarter. Omnia Family Wealth LLC’s holdings in Netflix were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Intelligence Driven Advisers LLC increased its position in Netflix by 13.9% in the 3rd quarter. Intelligence Driven Advisers LLC now owns 1,191 shares of the Internet television network’s stock valued at $845,000 after acquiring an additional 145 shares during the period. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Netflix by 17.8% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 794 shares of the Internet television network’s stock valued at $563,000 after purchasing an additional 120 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Netflix by 0.9% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 36,370 shares of the Internet television network’s stock valued at $25,796,000 after purchasing an additional 323 shares during the period. Metis Global Partners LLC raised its stake in shares of Netflix by 2.6% during the third quarter. Metis Global Partners LLC now owns 24,357 shares of the Internet television network’s stock valued at $17,276,000 after purchasing an additional 608 shares in the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in Netflix by 7.8% in the third quarter. Curi RMB Capital LLC now owns 1,045 shares of the Internet television network’s stock worth $741,000 after purchasing an additional 76 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.7 %

Shares of NFLX traded up $5.50 during trading hours on Thursday, hitting $835.97. 911,635 shares of the company were exchanged, compared to its average volume of 3,649,669. The firm’s 50 day moving average is $729.53 and its 200-day moving average is $676.61. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $841.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $357.34 billion, a PE ratio of 47.55, a PEG ratio of 1.58 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for 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, equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, Director Timothy M. Haley sold 647 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $800.19, for a total value of $517,722.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the business’s stock in a transaction 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,084 shares of company stock worth $146,747,101 in the last ninety days. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Pivotal Research boosted their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Redburn Atlantic upped their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Loop Capital upped their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Macquarie reaffirmed an “outperform” rating and set a $795.00 target price on shares of Netflix in a report on Friday, October 18th. Two equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.