Silver Oak Securities Incorporated Sells 59 Shares of Netflix, Inc. (NASDAQ:NFLX)

Silver Oak Securities Incorporated lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,128 shares of the Internet television network’s stock after selling 59 shares during the period. Silver Oak Securities Incorporated’s holdings in Netflix were worth $800,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Heartland Bank & Trust Co grew its stake in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC grew its stake in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after purchasing an additional 15 shares during the period. Meritas Wealth Management LLC grew its stake in Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after purchasing an additional 16 shares during the period. Stage Harbor Financial LLC grew its stake in Netflix by 4.8% in the 3rd quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock valued at $250,000 after purchasing an additional 16 shares during the period. Finally, Compass Ion Advisors LLC grew its stake in Netflix by 4.5% in the 3rd quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock valued at $262,000 after purchasing an additional 16 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on NFLX shares. Piper Sandler restated an “overweight” rating and issued a $840.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Friday, October 18th. Benchmark reaffirmed a “sell” rating and set a $545.00 price target on shares of Netflix in a research report on Tuesday, October 15th. Guggenheim upped their price target on Netflix from $735.00 to $810.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Redburn Atlantic upped their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Morgan Stanley upped their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research 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 company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 25,599 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $631.43, for a total value of $16,163,976.57. Following the transaction, the chairman now owns 57 shares in the company, valued at approximately $35,991.51. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock worth $153,905,830 in the last ninety days. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of Netflix stock opened at $754.68 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $322.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. The business’s 50-day moving average price is $705.06 and its 200-day moving average price is $658.43. Netflix, Inc. has a 12 month low of $395.62 and a 12 month high of $773.00.

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.