Gulf International Bank UK Ltd Sells 1,495 Shares of Netflix, Inc. (NASDAQ:NFLX)

Gulf International Bank UK Ltd decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,036 shares of the Internet television network’s stock after selling 1,495 shares during the quarter. Netflix comprises approximately 0.6% of Gulf International Bank UK Ltd’s investment portfolio, making the stock its 23rd largest position. Gulf International Bank UK Ltd’s holdings in Netflix were worth $24,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. GQG Partners LLC bought a new stake in Netflix in the first quarter worth approximately $1,450,476,000. Assenagon Asset Management S.A. increased its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Netflix in the first quarter valued at approximately $372,293,000. Finally, Swedbank AB acquired a new stake in shares of Netflix during the 1st quarter worth approximately $216,538,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $755.51 on Tuesday. The firm has a 50 day moving average of $714.30 and a 200-day moving average of $665.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $322.95 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 12 month low of $429.61 and a 12 month high of $773.00.

Analyst Ratings Changes

NFLX has been the subject of a number of research reports. The Goldman Sachs Group set a $750.00 price target on shares of Netflix in a report on Friday, October 18th. Guggenheim boosted their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Pivotal Research increased their price target on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Redburn Atlantic boosted their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Bank of America increased their target price on Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Two 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $748.15.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at $64,435.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now owns 85 shares in the company, valued at $64,435.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,477 shares of company stock valued at $160,300,776. 1.76% of the stock is currently owned by company insiders.

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.