Interchange Capital Partners LLC Sells 503 Shares of Netflix, Inc. (NASDAQ:NFLX)

Interchange Capital Partners LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 33.4% in the 3rd quarter, Holdings Channel reports. The fund owned 1,004 shares of the Internet television network’s stock after selling 503 shares during the quarter. Interchange Capital Partners LLC’s holdings in Netflix were worth $712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Denver PWM LLC purchased a new position in shares of Netflix in the 2nd quarter worth about $25,000. Proffitt & Goodson Inc. boosted its stake 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 buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position 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 acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of Netflix by 642.9% during 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 in the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 0.9 %

Netflix stock traded up $6.69 during trading hours on Friday, hitting $762.72. The stock had a trading volume of 582,711 shares, compared to its average volume of 3,689,959. The stock’s 50-day moving average price is $711.57 and its 200-day moving average price is $662.98. Netflix, Inc. has a 12-month low of $417.10 and a 12-month high of $773.00. 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 $326.03 billion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. 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, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total transaction of $785,254.32. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,810 shares of company stock worth $142,049,542 in the last three months. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NFLX shares. Guggenheim lifted their target price on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays restated an “underweight” rating and set a $550.00 target price on shares of Netflix in a report on Friday, October 18th. Citigroup lifted their price target on Netflix from $660.00 to $675.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Macquarie reissued an “outperform” rating and set a $795.00 price objective on shares of Netflix in a research note on Friday, October 18th. Finally, Redburn Atlantic lifted their target price on shares of Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.