Woodmont Investment Counsel LLC Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Woodmont Investment Counsel LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 724 shares of the Internet television network’s stock after selling 18 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Netflix were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NFLX. New World Advisors LLC raised its position in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Heartland Bank & Trust Co raised its holdings in shares of Netflix by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after buying an additional 15 shares during the last quarter. Cedrus LLC grew its holdings in shares of Netflix by 0.8% during the third quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock valued at $1,263,000 after buying an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC increased its position in shares of Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after acquiring an additional 15 shares during the period. Finally, Meritas Wealth Management LLC raised its stake in Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after acquiring an additional 16 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $629.73, for a total transaction of $23,725,077.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock worth $169,954,456 over the last three months. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 2.1 %

NASDAQ NFLX opened at $796.54 on Friday. The business has a fifty day moving average price of $717.59 and a 200 day moving average price of $667.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $340.49 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a one year low of $433.68 and a one year high of $798.22.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. Loop Capital boosted their price target on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Oppenheimer increased their price target on shares of Netflix from $775.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Bank of America raised their target price on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Two investment 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’s stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $748.15.

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.