Ted Buchan & Co Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

Ted Buchan & Co reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,575 shares of the Internet television network’s stock after selling 41 shares during the period. Ted Buchan & Co’s holdings in Netflix were worth $1,117,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. KCM Investment Advisors LLC boosted its position in shares of Netflix by 14.6% in the 1st quarter. KCM Investment Advisors LLC now owns 620 shares of the Internet television network’s stock valued at $377,000 after purchasing an additional 79 shares during the period. Reynders McVeigh Capital Management LLC purchased a new stake in shares of Netflix in the first quarter valued at approximately $246,000. Concurrent Investment Advisors LLC increased its holdings in shares of Netflix by 25.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 6,040 shares of the Internet television network’s stock valued at $3,668,000 after purchasing an additional 1,223 shares in the last quarter. NorthRock Partners LLC increased its holdings in Netflix by 15.0% in the first quarter. NorthRock Partners LLC now owns 4,970 shares of the Internet television network’s stock valued at $3,019,000 after buying an additional 648 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Netflix by 40.9% during the first quarter. Meeder Asset Management Inc. now owns 6,351 shares of the Internet television network’s stock worth $3,857,000 after purchasing an additional 1,845 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,644 shares of the company’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 $3,250,800.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,163,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 242,112 shares of company stock valued at $169,954,456 over the last three months. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Netflix from $740.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price target (up previously from $770.00) on shares of Netflix in a report on Friday, October 18th. Wedbush lifted their target price on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Evercore ISI raised their price objective on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Canaccord Genuity Group upped their price target on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Trading Down 0.2 %

NASDAQ:NFLX opened at $795.04 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $721.55 and its 200 day moving average is $670.54. Netflix, Inc. has a 12 month low of $434.35 and a 12 month high of $799.06. The stock has a market capitalization of $339.85 billion, a PE ratio of 44.99, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.