Gemmer Asset Management LLC Buys 22 Shares of Netflix, Inc. (NASDAQ:NFLX)

Gemmer Asset Management LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,282 shares of the Internet television network’s stock after purchasing an additional 22 shares during the quarter. Gemmer Asset Management LLC’s holdings in Netflix were worth $909,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Denver PWM LLC purchased a new stake in shares of Netflix during the second quarter valued at approximately $25,000. 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 increased its position in shares of Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after acquiring an additional 45 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Netflix in the second quarter worth $38,000. Finally, Summit Securities Group LLC purchased a new stake in Netflix in the second quarter worth $38,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.5 %

NFLX stock opened at $758.70 on Monday. Netflix, Inc. has a fifty-two week low of $399.41 and a fifty-two week high of $773.00. The business’s 50 day moving average price is $706.67 and its two-hundred day moving average price is $659.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $327.00 billion, a price-to-earnings ratio of 52.37, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Insiders Place Their Bets

In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the company’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 approximately $26,975,430. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the company’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 approximately $26,975,430. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the company’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 value of $31,981,986.40. Following the transaction, the chairman now owns 85 shares in the company, valued at $60,023.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 229,711 shares of company stock worth $153,905,830. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFLX. Oppenheimer raised their target price on Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group lifted their price objective on Netflix from $780.00 to $800.00 and gave the company a “buy” rating 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 note on Tuesday, October 15th. Loop Capital lifted their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Pivotal Research lifted their price target on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $747.70.

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.