Netflix, Inc. (NASDAQ:NFLX) Shares Sold by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,516 shares of the Internet television network’s stock after selling 126 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Netflix were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NFLX. Quest Partners LLC boosted its stake in Netflix by 191.8% during the 3rd quarter. Quest Partners LLC now owns 2,760 shares of the Internet television network’s stock valued at $1,958,000 after purchasing an additional 1,814 shares during the period. MAI Capital Management boosted its position in shares of Netflix by 5.6% during the third quarter. MAI Capital Management now owns 60,265 shares of the Internet television network’s stock worth $42,744,000 after buying an additional 3,208 shares during the period. Aljian Capital Management LLC grew its holdings in Netflix by 6.2% in the 3rd quarter. Aljian Capital Management LLC now owns 8,347 shares of the Internet television network’s stock worth $5,920,000 after buying an additional 489 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Netflix by 6.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 70,276 shares of the Internet television network’s stock valued at $49,844,000 after acquiring an additional 4,348 shares in the last quarter. Finally, Claro Advisors LLC boosted its position in Netflix by 47.6% during the 3rd quarter. Claro Advisors LLC now owns 3,679 shares of the Internet television network’s stock worth $2,609,000 after acquiring an additional 1,186 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NFLX. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Needham & Company LLC boosted their target price on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. KeyCorp lifted their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and set a $825.00 price objective (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Insiders Place Their Bets

In other Netflix news, 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 value of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,644 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $3,250,800.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This trade represents a 26.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 205,084 shares of company stock valued at $146,747,101. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of Netflix stock opened at $823.96 on Monday. Netflix, Inc. has a twelve month low of $445.73 and a twelve month 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 firm has a market cap of $352.21 billion, a P/E ratio of 46.63, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The firm’s 50-day simple moving average is $735.77 and its 200-day simple moving average is $681.37.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. As a group, research analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Netflix 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.