Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Banco Santander S.A.

Banco Santander S.A. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,540 shares of the Internet television network's stock after selling 2,883 shares during the quarter. Netflix accounts for approximately 0.5% of Banco Santander S.A.'s investment portfolio, making the stock its 27th biggest holding. Banco Santander S.A.'s holdings in Netflix were worth $42,939,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. LGT Group Foundation purchased a new position in Netflix during the first quarter worth about $146,000. CreativeOne Wealth LLC lifted its holdings in Netflix by 80.1% during the first quarter. CreativeOne Wealth LLC now owns 2,520 shares of the Internet television network's stock worth $1,531,000 after acquiring an additional 1,121 shares during the period. EP Wealth Advisors LLC boosted its position in Netflix by 23.3% in the first quarter. EP Wealth Advisors LLC now owns 11,002 shares of the Internet television network's stock worth $6,682,000 after purchasing an additional 2,080 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Netflix by 10.2% in the 1st quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network's stock valued at $3,093,000 after purchasing an additional 471 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in shares of Netflix by 24.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,570 shares of the Internet television network's stock valued at $2,168,000 after purchasing an additional 710 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 25,074 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now owns 85 shares in the company, valued at $57,878.20. This trade represents a 99.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,866 shares of company stock worth $133,393,921 in the last quarter. Corporate insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NFLX. Needham & Company LLC increased their target price on shares of Netflix from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Canaccord Genuity Group raised their target price on Netflix from $750.00 to $760.00 and gave the stock a "hold" rating in a research report on Friday, October 18th. Wells Fargo & Company increased their price target on Netflix from $758.00 to $797.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Rosenblatt Securities boosted their price objective on Netflix from $635.00 to $680.00 and gave the company a "neutral" rating in a research note on Friday, October 18th. Finally, StockNews.com upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $764.82.

Netflix Stock Performance

NFLX stock traded up $12.20 during trading on Thursday, reaching $896.05. The company had a trading volume of 3,718,821 shares, compared to its average volume of 3,667,581. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00. The company has a market cap of $383.03 billion, a price-to-earnings ratio of 50.71, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The firm has a 50-day simple moving average of $751.39 and a 200-day simple moving average of $688.25.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, sell-side analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

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.