Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 30.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 925 shares of the Internet television network’s stock after selling 398 shares during the quarter. Sendero Wealth Management LLC’s holdings in Netflix were worth $656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heartland Bank & Trust Co increased its holdings in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares in the last quarter. Meritas Wealth Management LLC increased its holdings in Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock valued at $406,000 after buying an additional 16 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp lifted its position in shares of Netflix by 2.8% during the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 623 shares of the Internet television network’s stock valued at $378,000 after acquiring an additional 17 shares during the period. Private Portfolio Partners LLC boosted its stake in shares of Netflix by 1.7% during the 1st quarter. Private Portfolio Partners LLC now owns 1,042 shares of the Internet television network’s stock worth $633,000 after acquiring an additional 17 shares in the last quarter. Finally, FAS Wealth Partners Inc. boosted its stake in shares of Netflix by 1.5% during the 2nd quarter. FAS Wealth Partners Inc. now owns 1,164 shares of the Internet television network’s stock worth $786,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,490,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 4,392 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total value of $3,184,200.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,490,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Kilgore sold 402 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $725.00, for a total transaction of $291,450.00. Following the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $25,564,950. 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 90 days, insiders have sold 224,784 shares of company stock worth $150,212,870. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 0.7 %

Shares of NASDAQ NFLX traded up $4.77 during midday trading on Thursday, hitting $732.20. The stock had a trading volume of 1,215,575 shares, compared to its average volume of 3,648,760. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $732.61. The company has a market capitalization of $315.58 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 1.44 and a beta of 1.26. The company has a fifty day moving average price of $682.31 and a 200 day moving average price of $649.96.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $9.53 billion. During the same quarter last year, the firm posted $3.29 earnings per share. Netflix’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on NFLX shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $635.00 price objective on shares of Netflix in a report on Friday, September 20th. Piper Sandler raised Netflix from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $650.00 to $800.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research note on Wednesday. Evercore ISI raised their target price on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, August 27th. Finally, Loop Capital upped their price target on shares of Netflix from $700.00 to $750.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $697.35.

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.