Strategic Blueprint LLC Cuts Position in Netflix, Inc. (NASDAQ:NFLX)

Strategic Blueprint LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,776 shares of the Internet television network’s stock after selling 185 shares during the quarter. Strategic Blueprint LLC’s holdings in Netflix were worth $1,969,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Denver PWM LLC purchased a new position in shares of Netflix in the 2nd quarter worth approximately $25,000. Proffitt & Goodson Inc. lifted its holdings 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 purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC boosted its position in shares of Netflix by 642.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after purchasing an additional 45 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Netflix during the 2nd quarter worth $38,000. Finally, Summit Securities Group LLC purchased a new position in Netflix during the 2nd quarter worth $38,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $759.44 on Wednesday. The stock has a market capitalization of $324.63 billion, a price-to-earnings ratio of 42.98, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Netflix, Inc. has a 52 week low of $399.41 and a 52 week high of $773.00. The firm has a 50-day simple moving average of $709.10 and a 200-day simple moving average of $661.69. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Piper Sandler reiterated an “overweight” rating and set a $840.00 price objective (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Wells Fargo & Company upped their target price on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Redburn Atlantic lifted their price target on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Macquarie reiterated an “outperform” rating and set a $795.00 price target on shares of Netflix in a research note 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $748.15.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Leslie J. Kilgore sold 358 shares of the 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 completion of the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 235,409 shares of company stock worth $158,213,518 in the last ninety days. Insiders own 1.76% of the company’s stock.

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.