West Tower Group LLC Sells 300 Shares of Netflix, Inc. (NASDAQ:NFLX)

West Tower Group LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 60.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200 shares of the Internet television network’s stock after selling 300 shares during the period. West Tower Group LLC’s holdings in Netflix were worth $142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Qsemble Capital Management LP bought a new position in Netflix during the third quarter valued at $209,000. Capital Square LLC grew its holdings in Netflix by 5.5% during the third quarter. Capital Square LLC now owns 906 shares of the Internet television network’s stock valued at $643,000 after purchasing an additional 47 shares during the period. Associated Banc Corp grew its holdings in Netflix by 374.2% during the third quarter. Associated Banc Corp now owns 6,312 shares of the Internet television network’s stock valued at $4,477,000 after purchasing an additional 4,981 shares during the period. Private Trust Co. NA grew its holdings in Netflix by 11.5% during the third quarter. Private Trust Co. NA now owns 2,699 shares of the Internet television network’s stock valued at $1,914,000 after purchasing an additional 278 shares during the period. Finally, Truvestments Capital LLC bought a new position in Netflix during the third quarter valued at $240,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 185,866 shares of company stock valued at $133,393,921 over the last ninety days. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on NFLX shares. Rosenblatt Securities raised their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Pivotal Research raised their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Bank of America raised their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group raised their price target on Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Benchmark reaffirmed a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Two equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $764.82.

Netflix Stock Down 3.6 %

Shares of NASDAQ:NFLX opened at $865.59 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $370.00 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $908.00. The stock’s 50-day moving average price is $758.78 and its 200-day moving average price is $693.29.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Netflix Company 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.