Able Wealth Management LLC Sells 17 Shares of Netflix, Inc. (NASDAQ:NFLX)

Able Wealth Management LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 750 shares of the Internet television network’s stock after selling 17 shares during the period. Able Wealth Management LLC’s holdings in Netflix were worth $532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in Netflix by 13.9% in the 1st quarter. Empowered Funds LLC now owns 7,750 shares of the Internet television network’s stock valued at $4,707,000 after acquiring an additional 945 shares in the last quarter. Smithfield Trust Co lifted its stake in Netflix by 3.5% in the 1st quarter. Smithfield Trust Co now owns 596 shares of the Internet television network’s stock valued at $364,000 after purchasing an additional 20 shares during the last quarter. KCM Investment Advisors LLC boosted its position in Netflix by 14.6% in the first quarter. KCM Investment Advisors LLC now owns 620 shares of the Internet television network’s stock valued at $377,000 after buying an additional 79 shares in the last quarter. Montag A & Associates Inc. grew its stake in shares of Netflix by 63.0% during the first quarter. Montag A & Associates Inc. now owns 10,845 shares of the Internet television network’s stock worth $6,586,000 after buying an additional 4,191 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC acquired a new position in shares of Netflix during the first quarter worth $246,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Benchmark reaffirmed a “sell” rating and set a $545.00 target price on shares of Netflix in a research report on Tuesday, October 15th. Evercore ISI boosted their price target on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Macquarie reiterated an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research report on Friday, October 18th. TD Cowen boosted their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, UBS Group upped their price target on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Insider Activity at Netflix

In other Netflix news, insider David A. Hyman sold 13,791 shares of the business’s stock in a transaction dated 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 owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider David A. Hyman sold 13,791 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock valued at $169,954,456 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

NFLX opened at $795.04 on Friday. The stock’s 50 day moving average price is $721.55 and its 200-day moving average price is $670.54. Netflix, Inc. has a 52-week low of $434.35 and a 52-week high of $799.06. The stock has a market capitalization of $339.85 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

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.