CENTRAL TRUST Co Sells 857 Shares of Netflix, Inc. (NASDAQ:NFLX)

CENTRAL TRUST Co cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 22.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,899 shares of the Internet television network’s stock after selling 857 shares during the period. CENTRAL TRUST Co’s holdings in Netflix were worth $2,056,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Denver PWM LLC bought a new stake in Netflix in the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC grew its holdings in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 20 shares in the last quarter. Proffitt & Goodson Inc. increased 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 valued at $32,000 after acquiring an additional 38 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in 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 acquiring an additional 45 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its position in Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction 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. This 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. In related news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were 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 of the company’s stock, valued at $9,817,500. This represents 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 worth $153,905,830 in the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NFLX. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Rosenblatt Securities lifted their price objective on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Macquarie reissued an “outperform” rating and issued a $795.00 price target on shares of Netflix in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Oppenheimer lifted their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.