Netflix, Inc. (NASDAQ:NFLX) Holdings Decreased by Whittier Trust Co.

Whittier Trust Co. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,002 shares of the Internet television network’s stock after selling 15 shares during the period. Whittier Trust Co.’s holdings in Netflix were worth $2,838,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Heartland Bank & Trust Co increased its stake in shares of Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares during the period. Cedrus LLC raised its stake in shares of Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after buying an additional 15 shares in the last quarter. Meritas Wealth Management LLC lifted its holdings in shares of Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares during the period. Stage Harbor Financial LLC boosted its stake in Netflix by 4.8% during the third quarter. Stage Harbor Financial LLC now owns 346 shares of the Internet television network’s stock valued at $250,000 after buying an additional 16 shares in the last quarter. Finally, Compass Ion Advisors LLC grew its holdings in Netflix by 4.5% during the third quarter. Compass Ion Advisors LLC now owns 369 shares of the Internet television network’s stock worth $262,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NFLX. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Bank of America upped their price target on shares of Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. KeyCorp lifted their price objective on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Benchmark restated a “sell” rating and issued a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $747.70.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the 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 transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $31,981,986.40. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. 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 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 1.0 %

NFLX opened at $764.24 on Wednesday. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00. The stock has a market capitalization of $329.39 billion, a PE ratio of 53.04, a PEG ratio of 1.49 and a beta of 1.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $701.48 and a two-hundred day moving average price of $657.11.

About Netflix

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.