Strategic Investment Solutions Inc. IL Sells 87 Shares of Netflix, Inc. (NASDAQ:NFLX)

Strategic Investment Solutions Inc. IL reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 44.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110 shares of the Internet television network’s stock after selling 87 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Netflix were worth $78,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Denver PWM LLC bought a new position in shares of Netflix in the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% during the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares during the last quarter. Proffitt & Goodson Inc. lifted its position in Netflix by 380.0% during the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. AlphaMark Advisors LLC lifted its position in Netflix by 642.9% during the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock valued at $35,000 after purchasing an additional 45 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its position in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 28 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 229,711 shares of company stock valued at $153,905,830. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $11.31 during mid-day trading on Friday, reaching $765.86. The company’s stock had a trading volume of 845,369 shares, compared to its average volume of 3,711,360. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The stock has a market cap of $327.37 billion, a P/E ratio of 42.70, a PEG ratio of 1.48 and a beta of 1.26. The firm’s fifty day moving average price is $703.23 and its two-hundred day moving average price is $657.75. Netflix, Inc. has a 12-month low of $395.62 and a 12-month high of $773.00.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NFLX. Evercore ISI lifted their target price on shares of Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Oppenheimer lifted their target price on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Needham & Company LLC lifted their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $825.00 price target (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Finally, Argus lifted their price target on shares of Netflix from $660.00 to $767.00 and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $747.70.

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.