Netflix, Inc. (NASDAQ:NFLX) Position Reduced by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,697 shares of the Internet television network’s stock after selling 31 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Netflix were worth $1,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Denver PWM LLC bought a new position in Netflix during the second quarter worth $25,000. Proffitt & Goodson Inc. lifted its position in shares of Netflix by 380.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. AlphaMark Advisors LLC raised its stake in 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 during the period. Finally, Triad Wealth Partners LLC acquired a new stake in Netflix during the second quarter worth about $38,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NFLX shares. Benchmark reaffirmed a “sell” rating and set a $545.00 target price on shares of Netflix in a report on Tuesday, October 15th. Oppenheimer boosted their price objective on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. TD Cowen increased their target price on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Wells Fargo & Company boosted their price target on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two 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’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Gregory K. Peters sold 4,644 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $3,250,800.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,163,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 13,791 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 242,112 shares of company stock worth $169,954,456. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 2.1 %

NFLX stock opened at $780.21 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $333.51 billion, a P/E ratio of 44.15, a P/E/G ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 52-week low of $431.00 and a 52-week high of $781.49. The company’s 50 day simple moving average is $717.59 and its 200-day simple moving average is $667.98.

About Netflix

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.