World Equity Group Inc. Sells 209 Shares of Netflix, Inc. (NASDAQ:NFLX)

World Equity Group Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 17.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,020 shares of the Internet television network’s stock after selling 209 shares during the period. World Equity Group Inc.’s holdings in Netflix were worth $723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Netflix by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after purchasing an additional 149,341 shares during the last quarter. International Assets Investment Management LLC grew its position in Netflix by 116,620.0% during the third 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 last quarter. Baillie Gifford & Co. lifted its holdings in shares of Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after acquiring an additional 106,756 shares during the last quarter. Legal & General Group Plc lifted its holdings in Netflix by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock worth $2,327,738,000 after buying an additional 104,332 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Netflix by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock valued at $2,214,488,000 after purchasing an additional 83,762 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $765.00, for a total value of $273,870.00. Following the sale, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total value of $273,870.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 209,810 shares of company stock valued at $142,049,542 over the last 90 days. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NFLX. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Wells Fargo & Company lifted their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Evercore ISI raised their price target on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Guggenheim increased their target price on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group increased their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $748.15.

Netflix Trading Down 0.3 %

Shares of NFLX stock traded down $2.40 during trading hours on Monday, reaching $753.70. 244,901 shares of the stock were exchanged, compared to its average volume of 3,685,119. The firm has a market capitalization of $322.18 billion, a price-to-earnings ratio of 42.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a 12-month low of $429.61 and a 12-month high of $773.00. The company’s 50-day moving average price is $712.96 and its 200-day moving average price is $664.70. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix 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.