Commerce Bank trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,844 shares of the Internet television network’s stock after selling 744 shares during the quarter. Commerce Bank’s holdings in Netflix were worth $1,422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Netflix during the 2nd quarter valued at about $1,045,000. Lincoln National Corp raised its position in shares of Netflix by 7.0% during the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after buying an additional 268 shares in the last quarter. Calamos Advisors LLC raised its position in shares of Netflix by 198.5% during the 2nd quarter. Calamos Advisors LLC now owns 208,945 shares of the Internet television network’s stock valued at $31,218,000 after buying an additional 138,945 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Netflix during the 2nd quarter valued at about $262,000. Finally, BB&T Corp raised its position in shares of Netflix by 20.0% during the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock valued at $700,000 after buying an additional 642 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

In other Netflix news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $194.29, for a total transaction of $136,003.00. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at approximately $1,436,385.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard N. Barton sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total transaction of $331,440.00. Following the transaction, the director now owns 8,012 shares of the company’s stock, valued at approximately $1,327,748.64. The disclosure for this sale can be found here. Insiders have sold a total of 344,072 shares of company stock valued at $63,582,550 in the last quarter. 4.90% of the stock is currently owned by company insiders.

Several equities analysts recently commented on the stock. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $165.09 price target on the stock. in a report on Wednesday, August 30th. Robert W. Baird reiterated a “hold” rating and set a $175.00 price target on shares of Netflix in a report on Friday, September 1st. Jefferies Group LLC set a $165.00 price target on shares of Netflix and gave the company a “neutral” rating in a report on Monday, September 18th. KeyCorp reiterated a “buy” rating and set a $190.00 price target on shares of Netflix in a report on Friday, August 25th. Finally, MKM Partners upped their price target on shares of Netflix from $195.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $207.20.

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Shares of Netflix, Inc. (NASDAQ NFLX) traded down $2.31 during mid-day trading on Friday, hitting $193.20. 3,753,775 shares of the company were exchanged, compared to its average volume of 5,451,401. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. Netflix, Inc. has a 52-week low of $113.51 and a 52-week high of $204.38. The firm has a market capitalization of $83,603.63, a PE ratio of 195.15, a P/E/G ratio of 5.74 and a beta of 1.39.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the firm earned $0.12 EPS. The company’s revenue was up 30.3% on a year-over-year basis. equities analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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