F M Investments LLC Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

F M Investments LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,736 shares of the Internet television network’s stock after selling 763 shares during the quarter. F M Investments LLC’s holdings in Netflix were worth $9,730,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of NFLX. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Netflix in the first quarter valued at $230,000. Janney Montgomery Scott LLC lifted its holdings in shares of Netflix by 13.9% in the first quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock valued at $36,878,000 after purchasing an additional 7,406 shares in the last quarter. Hunter Associates Investment Management LLC acquired a new position in shares of Netflix during the 1st quarter worth approximately $201,000. CNB Bank lifted its stake in Netflix by 7.5% in the 1st quarter. CNB Bank now owns 1,599 shares of the Internet television network’s stock valued at $971,000 after buying an additional 111 shares in the last quarter. Finally, Tobam grew its holdings in Netflix by 185.5% during the 1st quarter. Tobam now owns 5,190 shares of the Internet television network’s stock valued at $3,152,000 after buying an additional 3,372 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 20,656 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 209,810 shares of company stock valued at $142,049,542. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.0 %

NFLX stock traded up $0.07 during mid-day trading on Friday, hitting $756.10. 2,996,829 shares of the company were exchanged, compared to its average volume of 3,701,309. The firm has a fifty day simple moving average of $712.96 and a 200 day simple moving average of $664.02. The company has a market capitalization of $323.20 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a twelve month low of $417.10 and a twelve month high of $773.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Analyst Ratings Changes

Several research analysts recently weighed in on NFLX shares. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They issued a “hold” rating and a $680.00 target price for the company. Citigroup upped their price objective on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Pivotal Research lifted their price objective on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their target price on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Guggenheim upped their price target on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.