Netflix, Inc. (NASDAQ:NFLX) Shares Sold by FCG Investment Co

FCG Investment Co trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.8% in the third quarter, HoldingsChannel.com reports. The firm owned 2,130 shares of the Internet television network’s stock after selling 180 shares during the quarter. FCG Investment Co’s holdings in Netflix were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. boosted its holdings in Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares in the last quarter. M&G Plc purchased a new stake in Netflix in the first quarter valued at approximately $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Netflix by 58.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after buying an additional 30,511 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Netflix by 14.9% in the first quarter. First Trust Direct Indexing L.P. now owns 10,330 shares of the Internet television network’s stock valued at $6,274,000 after buying an additional 1,342 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Netflix by 13.9% in the first quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock valued at $36,878,000 after buying an additional 7,406 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the sale, the chairman now owns 85 shares of the company’s stock, valued at $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 229,711 shares of company stock valued at $153,905,830 over the last quarter. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NFLX shares. Evercore ISI boosted their price objective on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Pivotal Research upped 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. Citigroup upped their price target on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Two research 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. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $747.70.

Netflix Stock Up 0.6 %

Netflix stock opened at $759.00 on Monday. 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 firm has a market capitalization of $327.13 billion, a price-to-earnings ratio of 52.37, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $399.41 and a fifty-two week high of $773.00. The stock’s fifty day moving average is $706.67 and its two-hundred day moving average is $659.88.

Netflix 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.