Mount Yale Investment Advisors LLC Has $2.31 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Mount Yale Investment Advisors LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,254 shares of the Internet television network’s stock after selling 1,104 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Netflix were worth $2,308,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its position in shares of Netflix by 10.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,017 shares of the Internet television network’s stock valued at $1,225,000 after purchasing an additional 187 shares during the period. Thrive Wealth Management LLC lifted its holdings in shares of Netflix by 4.8% during the 1st quarter. Thrive Wealth Management LLC now owns 571 shares of the Internet television network’s stock worth $347,000 after acquiring an additional 26 shares during the period. 180 Wealth Advisors LLC boosted its position in shares of Netflix by 35.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 2,069 shares of the Internet television network’s stock valued at $1,257,000 after acquiring an additional 539 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 28 shares in the last quarter. Finally, Capital Asset Advisory Services LLC bought a new stake in Netflix in the first quarter valued at about $232,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Bank of America lifted their price objective on Netflix from $740.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Loop Capital boosted their price target on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Redburn Atlantic increased their price objective on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Pivotal Research boosted their target price on shares of Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Evercore ISI upped their target price on shares of Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating 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 given a buy rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,043,019.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Leslie J. Kilgore sold 358 shares of the firm’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 sale, the director now directly owns 35,262 shares in the company, valued at $26,975,430. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $614.44, for a total transaction of $785,254.32. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,711 shares of company stock worth $153,905,830. 1.76% of the stock is currently owned by company insiders.

Netflix Price Performance

Netflix stock opened at $754.55 on Friday. 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 firm has a market capitalization of $322.54 billion, a P/E ratio of 42.70, a PEG ratio of 1.48 and a beta of 1.26. The business has a 50-day moving average of $703.23 and a 200-day moving average of $657.75. Netflix, Inc. has a 1 year low of $395.62 and a 1 year high of $773.00.

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.