Integrity Financial Corp WA Sells 131 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Integrity Financial Corp WA decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 8.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,481 shares of the Internet television network’s stock after selling 131 shares during the period. Integrity Financial Corp WA’s holdings in Netflix were worth $1,050,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Netflix by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after purchasing an additional 149,341 shares during the last quarter. Jennison Associates LLC increased its position in Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Netflix by 2.3% during the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after buying an additional 106,756 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after acquiring an additional 104,332 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Netflix by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock valued at $2,214,488,000 after acquiring an additional 83,762 shares during the period. 80.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday. Citigroup increased their target price on shares of Netflix from $660.00 to $675.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Benchmark reiterated a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Finally, China Renaissance initiated coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price target for the company. Two 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. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Get Our Latest Research Report on NFLX

Insiders Place Their Bets

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. This represents 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 the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction 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 sale, the director now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,711 shares of company stock worth $153,905,830. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.1 %

NASDAQ:NFLX opened at $772.07 on Tuesday. The stock’s fifty day simple moving average is $699.16 and its 200-day simple moving average is $656.21. The firm has a market capitalization of $332.76 billion, a P/E ratio of 53.58, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00.

Netflix Company Profile

(Free Report)

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.

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