Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm 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 filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. GQG Partners LLC purchased a new position in Netflix during the 1st quarter valued at about $1,450,476,000. Assenagon Asset Management S.A. raised its position in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in Netflix during the first quarter worth about $372,293,000. Finally, Swedbank AB purchased a new stake in shares of Netflix in the first quarter valued at about $216,538,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 2.1 %

NASDAQ:NFLX opened at $780.21 on Thursday. The business’s 50-day moving average is $717.59 and its two-hundred day moving average is $667.98. The firm has a market capitalization of $333.51 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 12 month low of $431.00 and a 12 month high of $781.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 37,675 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $629.73, for a total value of $23,725,077.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jay C. Hoag sold 37,675 shares of Netflix stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leslie J. Kilgore sold 1,372 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 242,112 shares of company stock worth $169,954,456. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NFLX shares. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Piper Sandler reissued an “overweight” rating and set a $840.00 price target (up previously from $800.00) on shares of Netflix in a research report on Friday, October 18th. TD Cowen upped their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Finally, Canaccord Genuity Group upped their target price on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $748.15.

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.