Netflix, Inc. (NASDAQ:NFLX) Position Reduced by Forte Capital LLC ADV

Forte Capital LLC ADV lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,030 shares of the Internet television network’s stock after selling 69 shares during the period. Forte Capital LLC ADV’s holdings in Netflix were worth $1,440,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Denver PWM LLC acquired a new stake in Netflix during the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its position in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares during the period. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Netflix during the second quarter worth $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 2.1 %

NFLX stock opened at $780.21 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $333.51 billion, a P/E ratio of 44.15, a P/E/G ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 52-week low of $431.00 and a 52-week high of $781.49. The company’s 50 day simple moving average is $717.59 and its 200-day simple moving average is $667.98.

Insider Activity

In related news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock worth $169,954,456 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NFLX shares. UBS Group increased their price objective on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Pivotal Research boosted their price objective on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $750.00 target price on Netflix in a research report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $748.15.

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.