Realta Investment Advisors Has $1.65 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Realta Investment Advisors cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 53.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,307 shares of the Internet television network's stock after selling 2,670 shares during the quarter. Realta Investment Advisors' holdings in Netflix were worth $1,645,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Denver PWM LLC acquired a new stake in Netflix during the second quarter valued at $25,000. Proffitt & Goodson Inc. lifted its holdings in shares of Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network's stock valued at $32,000 after buying an additional 38 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after buying an additional 42 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in Netflix by 642.9% in the second quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network's stock worth $35,000 after buying an additional 45 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new position in Netflix during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. StockNews.com upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research note on Tuesday, September 24th. Rosenblatt Securities raised their target price on Netflix from $635.00 to $680.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Needham & Company LLC upped their price target on Netflix from $700.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Citigroup increased their price objective on Netflix from $660.00 to $675.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Finally, BMO Capital Markets restated an "outperform" rating and issued a $825.00 target price (up from $770.00) on shares of Netflix in a report on Friday, October 18th. Two 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. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $748.15.

Netflix Price Performance

Shares of NFLX traded up $0.07 during mid-day trading on Friday, reaching $756.10. The company had a trading volume of 2,996,829 shares, compared to its average volume of 3,925,487. 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 company has a market capitalization of $323.20 billion, a P/E ratio of 42.79, a P/E/G ratio of 1.46 and a beta of 1.25. Netflix, Inc. has a twelve month low of $417.10 and a twelve month high of $773.00. The company's 50-day moving average is $712.96 and its 200-day moving average is $664.34.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares of the company's stock, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Netflix news, insider David A. Hyman sold 13,791 shares of Netflix stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $22,127,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now owns 31,610 shares in the company, valued at $19,128,159.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 209,810 shares of company stock worth $142,049,542 over the last three months. Company insiders own 1.76% of the company's stock.

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.