Greenleaf Trust Sells 47 Shares of Netflix, Inc. (NASDAQ:NFLX)

Greenleaf Trust lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,938 shares of the Internet television network’s stock after selling 47 shares during the period. Greenleaf Trust’s holdings in Netflix were worth $7,049,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. GQG Partners LLC purchased a new stake in shares of Netflix during the first quarter valued at $1,450,476,000. Jennison Associates LLC boosted its stake in shares of Netflix by 17.0% during the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after acquiring an additional 929,193 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Netflix during the 1st quarter worth about $372,293,000. Swedbank AB acquired a new stake in Netflix in the 1st quarter valued at about $216,538,000. Finally, Renaissance Technologies LLC acquired a new stake in Netflix in the 2nd quarter valued at about $183,365,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

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 completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This 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 Netflix news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.9 %

Shares of NFLX traded down $6.85 during mid-day trading on Wednesday, reaching $757.39. The company had a trading volume of 342,476 shares, compared to its average volume of 3,714,128. The stock has a market cap of $326.44 billion, a price-to-earnings ratio of 53.04, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The firm has a fifty day simple moving average of $701.48 and a 200-day simple moving average of $657.11. Netflix, Inc. has a fifty-two week low of $395.62 and a fifty-two week high of $773.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays reiterated an “underweight” rating and issued a $550.00 price objective on shares of Netflix in a report on Friday, October 18th. KeyCorp raised their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Argus raised their price target on shares of Netflix from $660.00 to $767.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. UBS Group raised their price target on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Sanford C. Bernstein lifted their price target on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $747.70.

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.