Joel Isaacson & Co. LLC Trims Position in Netflix, Inc. (NASDAQ:NFLX)

Joel Isaacson & Co. LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,944 shares of the Internet television network’s stock after selling 127 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Netflix were worth $3,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. GQG Partners LLC acquired a new stake in shares of Netflix in the first quarter worth approximately $1,450,476,000. Jennison Associates LLC grew its holdings in Netflix by 17.0% in the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the period. Assenagon Asset Management S.A. increased its position in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in Netflix during the first quarter worth approximately $372,293,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Netflix news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now owns 35,262 shares in the company, valued at approximately $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of Netflix 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 approximately $19,128,159.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 229,711 shares of company stock valued at $153,905,830 over the last quarter. Insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.0 %

NASDAQ NFLX opened at $754.68 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.13. Netflix, Inc. has a one year low of $395.62 and a one year high of $773.00. The company has a 50-day simple moving average of $706.67 and a 200-day simple moving average of $659.30. The firm has a market capitalization of $322.60 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFLX. Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Loop Capital upped their price target on Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. increased their target price on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Pivotal Research lifted their price target on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $747.70.

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.