Portside Wealth Group LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,652 shares of the Internet television network’s stock after selling 205 shares during the period. Netflix makes up approximately 1.3% of Portside Wealth Group LLC’s portfolio, making the stock its 13th largest position. Portside Wealth Group LLC’s holdings in Netflix were worth $7,555,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of NFLX. Sciencast Management LP acquired a new position in shares of Netflix during the 1st quarter worth $524,000. Empowered Funds LLC grew its stake 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 buying an additional 945 shares during the last quarter. Wealthspire Advisors LLC grew its stake in Netflix by 7.8% in the 1st quarter. Wealthspire Advisors LLC now owns 5,896 shares of the Internet television network’s stock valued at $3,581,000 after buying an additional 427 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Netflix by 21.3% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,507 shares of the Internet television network’s stock valued at $2,737,000 after buying an additional 790 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC acquired a new position in Netflix in the 1st quarter valued at $528,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
Netflix Trading Up 2.1 %
Shares of NFLX stock opened at $796.54 on Friday. Netflix, Inc. has a 12-month low of $433.68 and a 12-month high of $798.22. The company has a market capitalization 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. The firm has a 50-day moving average price of $717.59 and a 200 day moving average price of $667.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Netflix
Insider Buying and Selling at Netflix
In other Netflix news, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Gregory K. Peters sold 4,644 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $3,250,800.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,163,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction that occurred 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 directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 242,112 shares of company stock worth $169,954,456. 1.76% of the stock is currently owned by corporate insiders.
Netflix Company 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.
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