Icon Wealth Advisors LLC Sells 154 Shares of Netflix, Inc. (NASDAQ:NFLX)

Icon Wealth Advisors LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,331 shares of the Internet television network’s stock after selling 154 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Netflix were worth $5,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Martingale Asset Management L P grew its stake in shares of Netflix by 322.3% in the third quarter. Martingale Asset Management L P now owns 4,438 shares of the Internet television network’s stock worth $3,148,000 after purchasing an additional 3,387 shares during the last quarter. Vinva Investment Management Ltd boosted its position in Netflix by 13.1% during the 3rd quarter. Vinva Investment Management Ltd now owns 20,855 shares of the Internet television network’s stock valued at $14,752,000 after acquiring an additional 2,413 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Netflix by 0.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,807,228 shares of the Internet television network’s stock worth $1,991,083,000 after acquiring an additional 25,060 shares during the period. Public Sector Pension Investment Board raised its position in shares of Netflix by 13.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,473 shares of the Internet television network’s stock worth $13,102,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Fiduciary Trust Co lifted its stake in shares of Netflix by 12.7% in the 3rd quarter. Fiduciary Trust Co now owns 3,010 shares of the Internet television network’s stock valued at $2,135,000 after purchasing an additional 339 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 0.5 %

NASDAQ:NFLX opened at $877.34 on Friday. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00. 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 $375.03 billion, a P/E ratio of 49.65, a P/E/G ratio of 1.69 and a beta of 1.25. The firm has a 50-day simple moving average of $769.29 and a 200-day simple moving average of $697.66.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were 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. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Reed Hastings sold 25,074 shares of the company’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 transaction of $17,073,388.08. Following the transaction, the chairman now owns 85 shares in the company, valued at $57,878.20. The trade was a 99.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock worth $133,393,921 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. The Goldman Sachs Group set a $750.00 price objective on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Sanford C. Bernstein upped their price target on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note 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 assigned a buy rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

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.