Invictus Private Wealth LLC Cuts Position in Netflix, Inc. (NASDAQ:NFLX)

Invictus Private Wealth LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,144 shares of the Internet television network’s stock after selling 20 shares during the quarter. Invictus Private Wealth LLC’s holdings in Netflix were worth $811,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Catalina Capital Group LLC lifted its stake in shares of Netflix by 9.6% in the 3rd quarter. Catalina Capital Group LLC now owns 2,412 shares of the Internet television network’s stock valued at $1,711,000 after purchasing an additional 211 shares during the last quarter. Marks Group Wealth Management Inc bought a new stake in shares of Netflix during the 3rd quarter worth approximately $208,000. Financial Partners Group Inc lifted its stake in shares of Netflix by 2.6% during the 3rd quarter. Financial Partners Group Inc now owns 983 shares of the Internet television network’s stock worth $697,000 after acquiring an additional 25 shares during the last quarter. Austin Private Wealth LLC lifted its stake in shares of Netflix by 3.6% during the 3rd quarter. Austin Private Wealth LLC now owns 714 shares of the Internet television network’s stock worth $506,000 after acquiring an additional 25 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in shares of Netflix by 7.2% during the 3rd quarter. Crestwood Advisors Group LLC now owns 3,027 shares of the Internet television network’s stock worth $2,147,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s 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 $9,653,700.00. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $22,127,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $626.19, for a total transaction of $271,140.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 13,791 shares of the firm’s 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 $9,653,700.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 229,477 shares of company stock valued at $160,300,776 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.1 %

Shares of NASDAQ:NFLX opened at $763.91 on Wednesday. The firm has a market capitalization of $326.54 billion, a price-to-earnings ratio of 43.23, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The business’s 50 day moving average price is $715.67 and its 200-day moving average price is $667.19. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1 year low of $429.61 and a 1 year high of $773.00.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price target on Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Pivotal Research raised their price objective on Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

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.