ING Groep NV Sells 6,419 Shares of Netflix, Inc. (NASDAQ:NFLX)

ING Groep NV reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 107,581 shares of the Internet television network’s stock after selling 6,419 shares during the quarter. ING Groep NV’s holdings in Netflix were worth $76,304,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Leo Wealth LLC grew its position in Netflix by 31.3% in the 1st quarter. Leo Wealth LLC now owns 1,321 shares of the Internet television network’s stock worth $804,000 after purchasing an additional 315 shares during the last quarter. ProVise Management Group LLC bought a new position in Netflix during the first quarter valued at about $239,000. Trillium Asset Management LLC raised its holdings in Netflix by 15.4% in the 1st quarter. Trillium Asset Management LLC now owns 35,131 shares of the Internet television network’s stock valued at $21,336,000 after acquiring an additional 4,680 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Netflix by 2.3% during the 1st quarter. Brighton Jones LLC now owns 10,391 shares of the Internet television network’s stock worth $6,311,000 after purchasing an additional 237 shares in the last quarter. Finally, Great Lakes Retirement Inc. increased its position in shares of Netflix by 1.7% during the first quarter. Great Lakes Retirement Inc. now owns 4,268 shares of the Internet television network’s stock valued at $2,592,000 after purchasing an additional 73 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Gregory K. Peters sold 4,644 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,163,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 205,084 shares of company stock valued at $146,747,101 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on NFLX. Jefferies Financial Group boosted their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. TD Cowen upped their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Sanford C. Bernstein increased their target price on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Finally, KeyCorp boosted their price target on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Stock Up 0.7 %

Shares of NASDAQ:NFLX traded up $5.80 during midday trading on Thursday, reaching $836.27. 1,091,057 shares of the company were exchanged, compared to its average volume of 3,650,481. The firm has a market cap of $357.47 billion, a PE ratio of 47.55, a P/E/G ratio of 1.58 and a beta of 1.25. Netflix, Inc. has a fifty-two week low of $445.73 and a fifty-two week high of $841.00. The stock has a fifty day simple moving average of $729.53 and a two-hundred day simple moving average of $676.61. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.