Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,048 shares of the Internet television network’s stock after selling 34 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Netflix were worth $743,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NFLX. Denver PWM LLC acquired a new position in Netflix during the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC increased its stake in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. AlphaMark Advisors LLC lifted its position in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its stake in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX opened at $754.55 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.13. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. The firm has a 50-day simple moving average of $703.23 and a 200-day simple moving average of $657.75. The company has a market capitalization of $322.54 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Insider Buying and Selling at Netflix

In other Netflix news, Chairman Reed Hastings sold 45,290 shares of Netflix stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were 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 owns 31,610 shares in the company, valued at $19,128,159.30. This trade represents 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 this link. Also, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 229,711 shares of company stock valued at $153,905,830 in the last ninety days. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFLX shares. Rosenblatt Securities upped their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Guggenheim increased their price objective on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, October 11th. TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Benchmark restated a “sell” rating and set a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group lifted their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” 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 company’s stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

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.