Ledyard National Bank Makes New $213,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Ledyard National Bank acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 301 shares of the Internet television network’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. GQG Partners LLC acquired a new position in Netflix during the first quarter worth $1,450,476,000. Jennison Associates LLC lifted its stake in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix in the 1st quarter valued at $372,293,000. Swedbank AB acquired a new position in shares of Netflix in the 1st quarter valued at $216,538,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $183,365,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the 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 completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. 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 229,711 shares of company stock worth $153,905,830 in the last quarter. 1.76% of the stock is owned by insiders.

Netflix Trading Down 1.0 %

NASDAQ:NFLX opened at $764.24 on Wednesday. The stock’s 50 day moving average price is $701.48 and its 200 day moving average price is $657.11. The company has a market capitalization of $329.39 billion, a PE ratio of 53.04, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 52-week low of $395.62 and a 52-week high of $773.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NFLX shares. Redburn Atlantic upped their price target on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Barclays reaffirmed an “underweight” rating and issued a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. China Renaissance began coverage on Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 target price on the stock. Sanford C. Bernstein increased their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Loop Capital increased their target price on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Two investment 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. According to MarketBeat, Netflix currently has an average 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.