Prospect Financial Services LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Prospect Financial Services LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 69.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 585 shares of the Internet television network’s stock after buying an additional 239 shares during the quarter. Prospect Financial Services LLC’s holdings in Netflix were worth $415,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Denver PWM LLC bought a new position in shares of Netflix in the second quarter worth $25,000. Valued Wealth Advisors LLC lifted its position in Netflix by 80.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after buying an additional 20 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Netflix in the 4th quarter valued at $32,000. Indiana Trust & Investment Management CO boosted its position in Netflix by 112.0% during the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock valued at $32,000 after buying an additional 28 shares during the period. Finally, Proffitt & Goodson Inc. grew its position in Netflix by 380.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock worth $32,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NFLX shares. The Goldman Sachs Group upped their price objective on shares of Netflix from $650.00 to $659.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Evercore ISI increased their price target on shares of Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 27th. Bank of America increased their target price on Netflix from $700.00 to $740.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Macquarie raised their price target on shares of Netflix from $695.00 to $795.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, Redburn Atlantic boosted their target price on Netflix from $740.00 to $760.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Two research 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. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $702.79.

Netflix Stock Performance

NFLX stock opened at $705.98 on Wednesday. The firm has a 50-day simple moving average of $690.82 and a two-hundred day simple moving average of $653.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.95. Netflix, Inc. has a one year low of $344.73 and a one year high of $736.00. The firm has a market cap of $304.28 billion, a price-to-earnings ratio of 48.99, a PEG ratio of 1.49 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a return on equity of 32.93% and a net margin of 19.54%. The company had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. During the same quarter in the previous year, the firm posted $3.29 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at $25,741,260. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 45,290 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the completion of the sale, the chairman now directly owns 85 shares in the company, valued at approximately $60,023.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 225,167 shares of company stock valued at $150,492,460 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

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.