Woodmont Investment Counsel LLC Sells 18 Shares of Netflix, Inc. (NASDAQ:NFLX)

Woodmont Investment Counsel LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 724 shares of the Internet television network’s stock after selling 18 shares during the period. Woodmont Investment Counsel LLC’s holdings in Netflix were worth $514,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Denver PWM LLC bought a new stake in Netflix during the second quarter valued at approximately $25,000. Proffitt & Goodson Inc. raised its position 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 buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. AlphaMark Advisors LLC grew its position in 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 in the last quarter. Finally, Triad Wealth Partners LLC bought a new position in Netflix in the second quarter valued at $38,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 37,675 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $629.73, for a total transaction of $23,725,077.75. The disclosure for this sale can be found here. Insiders sold a total of 242,112 shares of company stock valued at $169,954,456 in the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $796.54 on Friday. The business has a fifty day simple moving average of $717.59 and a two-hundred day simple moving average of $667.98. The firm has a market capitalization of $340.49 billion, a P/E ratio of 45.08, a P/E/G ratio of 1.46 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $433.68 and a 12 month high of $798.22.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Redburn Atlantic increased their price target on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Pivotal Research lifted their price target on shares of Netflix from $900.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on shares of Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group set a $750.00 target price on shares of Netflix in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $748.15.

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.