Vinland Capital Management Gestora de Recursos LTDA. Sells 2,325 Shares of Netflix, Inc. (NASDAQ:NFLX)

Vinland Capital Management Gestora de Recursos LTDA. cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 67.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,115 shares of the Internet television network’s stock after selling 2,325 shares during the quarter. Netflix makes up about 1.9% of Vinland Capital Management Gestora de Recursos LTDA.’s holdings, making the stock its 19th biggest position. Vinland Capital Management Gestora de Recursos LTDA.’s holdings in Netflix were worth $791,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NFLX. International Assets Investment Management LLC grew its position 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 valued at $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. GQG Partners LLC purchased a new position in Netflix in the first quarter valued at approximately $1,450,476,000. Jennison Associates LLC grew its holdings in Netflix by 17.0% during the first quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after purchasing an additional 929,193 shares during the period. Assenagon Asset Management S.A. increased its position in Netflix by 154.7% in 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 buying an additional 642,920 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in shares of Netflix in the first quarter valued at $372,293,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 0.0 %

NASDAQ NFLX opened at $753.40 on Thursday. Netflix, Inc. has a 1 year low of $404.63 and a 1 year high of $773.00. The stock has a market capitalization of $322.05 billion, a PE ratio of 42.66, a PEG ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50-day moving average is $710.23 and its 200 day moving average is $662.33.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 358 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now owns 35,262 shares in the company, valued at $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Leslie J. Kilgore sold 358 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the transaction, the director now owns 35,262 shares in the company, valued at $26,975,430. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $706.16, for a total transaction of $31,981,986.40. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,810 shares of company stock worth $142,049,542. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. TD Cowen increased their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Sanford C. Bernstein raised their price objective on shares of Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Oppenheimer boosted their target price on shares of Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Wedbush raised their price target on Netflix from $725.00 to $775.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Two equities 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.com, the company has an average rating of “Moderate Buy” and an average price target 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.