BSW Wealth Partners Has $1.04 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

BSW Wealth Partners reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,466 shares of the Internet television network’s stock after selling 15 shares during the period. BSW Wealth Partners’ holdings in Netflix were worth $1,040,000 at the end of the most recent reporting period.

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

Insider Activity at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. 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 this hyperlink. In other news, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction 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 completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This 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. Also, Director Leslie J. Kilgore sold 358 shares of Netflix stock in a transaction on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the sale, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,810 shares of company stock worth $142,049,542. 1.76% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on NFLX shares. UBS Group raised their price target 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. Benchmark reaffirmed a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Barclays reiterated an “underweight” rating and set a $550.00 price target on shares of Netflix in a research report on Friday, October 18th. Evercore ISI increased their price objective on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Wedbush boosted their price target on shares of Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $0.07 during trading on Friday, reaching $756.10. 2,996,829 shares of the company traded hands, compared to its average volume of 3,925,487. Netflix, Inc. has a 52-week low of $417.10 and a 52-week high of $773.00. The firm has a 50 day simple moving average of $712.96 and a 200-day simple moving average of $664.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $323.20 billion, a PE ratio of 42.79, a P/E/G ratio of 1.46 and a beta of 1.25.

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.