Segment Wealth Management LLC Sells 60 Shares of Netflix, Inc. (NASDAQ:NFLX)

Segment Wealth Management LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138 shares of the Internet television network’s stock after selling 60 shares during the quarter. Segment Wealth Management LLC’s holdings in Netflix were worth $807,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Denver PWM LLC bought a new stake in Netflix in the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC increased its holdings in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares in the last quarter. Indiana Trust & Investment Management CO increased its holdings in Netflix by 112.0% in the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in 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 in the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in 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 buying an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NFLX. Sanford C. Bernstein boosted their price target on Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Macquarie restated an “outperform” rating and set a $795.00 price target on shares of Netflix in a research note on Friday, October 18th. Barclays restated an “underweight” rating and set a $550.00 price target on shares of Netflix in a research note on Friday, October 18th. Wedbush boosted their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Pivotal Research boosted their price target on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $747.70.

Netflix Stock Down 2.0 %

Shares of NFLX opened at $749.29 on Thursday. The stock has a market capitalization of $322.94 billion, a price-to-earnings ratio of 52.00, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. Netflix, Inc. has a 1 year low of $395.62 and a 1 year high of $773.00. The business’s 50 day simple moving average is $703.23 and its 200-day simple moving average is $657.75. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95.

Insider Transactions at Netflix

In other news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred 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 directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider David A. Hyman sold 20,656 shares of the business’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 transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the business’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 transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This 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 in the last ninety days. Corporate 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.